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Microcap & Penny Stocks : IVOC - Visual Telephone International

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To: Doug Bean who wrote (3236)	1/5/1999 8:27:00 AM
From: Epics	Read Replies (1) of 4815

Hey doug you fundamentalist..check this out The dod is going to have shitloads of cash to piss away... Clinton says will propose defense spending rise WASHINGTON, Jan 2 (Reuters) - President Bill Clinton announced on Saturday that he will propose an increase of more than $12 billion in U.S. defense spending in his upcoming budget. ''The budget I will submit to Congress ... will provide an increase of over $12 billion for defense readiness and modernization,'' Clinton said in his weekly radio address. ''This is the start of a six-year effort that will represent the first long-term sustained increase in defense spending in a decade.'' U.S. officials said Clinton hoped this would be the down payment on a six-year, $100 billion increase in defense spending. The $12 billion rise would be presented in the budget proposal for fiscal year 2000, which begins next October. Clinton, who is under pressure from congressional Republicans to beef up military spending, said the six-year effort would help the armed forces remain ready to deploy rapidly in any crisis by providing badly needed spare parts, flight training and other programs. The initiative would also will pay for the next generation of ships, planes and weapon systems and assure that U.S. forces are the best equipped in the world in the next century, Clinton said. Clinton also said he is seeking a pay raise for members of the military amounting to 4.4 percent -- the largest since 1982 -- and the reinstatement of military retirement benefits that were taken away over a decade ago.

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