Tag: china

Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"
November 13, 2014 0

Pentagon Says "Stop Defense Cut Madness"; Mish Investigates Alleged "Cuts"

By News Desk

The Mercatus Center put the "cuts" in perspective on August 21, 2012 (see above chart) in its report Defense Spending Will Continue To Grow In Spite of Automatic Cuts Set By BCA . As a result of Congress’s failure to come up with a $1.2 trillion deficit-reduction plan, automatic spending cuts or “sequestration†set by the Budget Control Act of 2011 (BCA) is set to take place from 2013 to 2021. As the threat of sequestration looms, concerns about cutbacks in defense spending have become a significant issue surrounding debates tied to national security and American jobs.

Riots in Brussels: 100,000 Protest Austerity, Overturn Cars, Throw Fire Bombs; Wherefore Art Thou Austerity?
November 6, 2014 0

Riots in Brussels: 100,000 Protest Austerity, Overturn Cars, Throw Fire Bombs; Wherefore Art Thou Austerity?

By News Desk

Riots in Brussels: 100,000 Protest Austerity, Overturn Cars, Throw Fire Bombs; Wherefore Art Thou Austerity? In Search of Austerity In spite of the fact there has been little-to-no austerity to speak of in Europe, or anywhere else in the world for that matter, (rising government debt proves that claim), France moans about austerity, Spain moans about austerity, Italy moans about austerity, and economists like Krugman moan about austerity.