Defense spending on weapons systems may not plummet in the next several years, despite some pundits asserting that huge federal budget deficits, an imploding economy and nosediving federal revenues mean savage cuts in defense procurement are inevitable. Those observers also claim that whether Sen. John McCain of Arizona, the Republican nominee, or Sen. Barack Obama of Illinois, the Democratic hopeful, is elected next month, the next president will have his own priorities that will need funding, competing with military programs…
Procurement Spending May Not Plunge, Despite Fears
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