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Obama Touts Defense Acquisition ‘Reform’ While Lashing Acquisition Cost Overruns; But He Says Outlays On Veterans To Rise

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President Poised To Whack $40 Billion From Defense Procurement Programs President Obama flailed defense procurement programs afflicted by soaring costs, and said it is time for defense acquisition reform, echoing complaints from key lawmakers. Obama, speaking in a White House press conference, didn't detail just which acquisition costs have attracted his ire, but some members of Congress have excoriated certain missile defense programs including the Airborne Laser. The president was asked where he will find savings in the defense and…

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