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Congress

Rep. Frank Urges 25 Percent Defense Spending Cut

DDN

Monday, October 27th, 2008

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Rep. Barney Frank (D-Mass.) called for cutting defense spending by 25 percent, or roughly $150 billion, with cuts centered mainly on weapons procurement programs and personnel end-strength reductions. In an interview with the South Coast Standard-Times, Frank was quoted as saying the Department of Defense must be forced to choose which weapons programs it will cut. However, Frank is chairman of the House Financial Services Committee that oversees Federal Reserve monetary policy and banking and securities regulation, not the House…

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