NEWS FLASH
Lieberman: Preserve ‘American Power In The World,’ Leave Military Spending Alone |
In a speech on Monday at the Hudson Institute “condemning isolationism from the left and right,” Sen. Joe Lieberman (I-CT) warned against “slash[ing] the spending that sustains American power in the world.” “We will not close the deficit by gutting the defense budget,” Lieberman said, adding that the “real fiscal challenge” in closing the budget gap “lies in tackling the runaway cost of our entitlement programs.” Except this is completely false. Not only does the bloated defense budget contribute significantly to America’s debt, as the Center on Budget and Policy Priorities points out, the wars, President Bush’s tax cuts, and the economic downturn are primarily responsible for the budget deficit:
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