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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

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Nov 7 4:00 PM EST

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To: Hawkmoon who wrote (67975)	11/11/2010 2:05:58 AM
From: elmatador	Read Replies (1) of 217596

In domestic spending, the biggest savings would result by slashing the number of non-defense contractors by 250,000 ($18.4 billion in savings), eliminating earmarks ($16 billion), freezing salaries for federal workers for three years ($15.1 billion) and a 10% reduction in the federal workforce ($13.2 billion). The plan includes $200 billion in domestic and defense saving within the next five years. On the defense side, the largest cost savings would come in the form of overhead savings already proposed by Defense Secretary Robert Gates ($28 billion in savings), a 15% reduction in Pentagon purchasing ($20 billion), a three-year freeze on pay for Defense Department officials and non-combat personnel ($14.5 billion), and a 33% reduction in overseas bases ($8.5 billion). blogs.forbes.com

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