Congress

Sequester: Muster the Bluster

Many have predicted that the January 2, 2013 “sequester” of $55 billion out of the $620+ billion Pentagon budget for 2013 would cause a lot of noise, even hysteria, during the presidential and congressional elections.

How right they were. But as usual, the politicians, the advocates and the pundits are paying attention to themselves, …

“Rent-Seeking”

Rent-seeking is a phrase increasingly in vogue by folks without real jobs. Wikipedia defines it as “an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.” Synonym: the U.S. defense industry and its allies, c. 2012.

Thomas …

What Defense Cuts?

The fear-mongering about impending defense cuts is becoming deafening. Yet even if sequestration happens in January, the Congressional Budget Office says the Pentagon will still be spending as much as it did in 2006. While the cuts may be crude – that is how Congress wrote the law imposing it – they are not draconian.

Here’s a …

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