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Kyl Assails Officials Who Give Bailout Trillions To Banks, Brokers, Others — But Then Get Tough With Procurement Programs Like Missile Defense

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While the federal government has lavished trillions of dollars on the banking, Wall Street brokerage, insurance, mortgage lender and other industries, with few strings attached except for CEO-pay conditions, the defense industry is being bled dry of funds vital to existing procurement programs. And a key senator cannot abide that disconnect. Sen. Jon Kyl of Arizona, the Senate minority whip, spoke before a National Defense University Foundation and National Defense Industrial Association breakfast in Washington at the Capitol Hill Club.…

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