Sunday, March 01, 2009

VIDEO/US: How the Bush administration fudged the budget ...

The US has a budget deficit of over $1 trillion. The exact composition of this deficit - as in how much was pent on which areas of expenditure - has only now become clear. The former Bush administration, it seemed, was hiding the true extent of spending on defense. The new Obama administration wants to scrutinise defense spending much more carefully, but will he be able to keep a lid on this when defense contractors have so much influence over the political process?

Words © 2009 Irfan Yusuf

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