http://www.marketwatch.com/story/task-f ... _news_stmpTask force seeks to trim $960 billion from Pentagon budget
Group eyes big-ticket weapons, force size to reduce costs over 10 years
By Christopher Hinton, MarketWatch
NEW YORK (MarketWatch) -- The Pentagon could save nearly $1 trillion over the next 10 years if would reduce the size of its fighting force and dump a handful of heavy-weapon programs that have long histories of trouble and cost growth, a bipartisan task force said Friday.
The Sustainable Defense Task Force, formed under the auspices of U.S. Rep. Barney Frank (D, Mass.), said chopping back the procurement of dud projects could save the country $88.7 billion.
In the group's sights are the Marine's Expeditionary Fighting Vehicle, built by General Dynamics Corp., Textron Inc. unit Bell Helicopter's MV-22 Osprey and the Lockheed Martin Corp. F-35 Joint Strike Fighter.
"The development of the F-35 is rapidly going the way of the F-22 Raptor: late, over cost and less capable that promised," the task force said in its report. "However, even if the aircraft performed according to specifications, it would not be needed in order for us to defeat current and emerging challenges."
U.S. spending on its military far all outpaces its largest conventional threats such as China and Russia. For 2010, Congress approved about $663.7 billion for the military. That's more than seven times the combined military budgets of the next 14 ranking nations, according to the Stockholm International Peace Research Institute.
Defense Secretary Robert Gates, under pressure to reduce spending in the wake of higher federal budget deficits and a weak economy, has said he is determined to cut defense spending in part through smarter procurement practices....
But the most savings could eventually come from rolling back the size of the U.S. military, according to the task force report. Reducing the U.S. nuclear arsenal to 1,000 warheads, on 160 Minuteman missiles and seven Ohio-class submarines would save the country $113 billion form fiscal 2011 through 2020.
Combined with a more limited modernization of nuclear warheads, selectively curtailing missile defense and space spending and a rational reduction in conventional forces, the Pentagon could pocket up to $638.4 billion over the next ten years.
"No other nation or likely combination of nations comes close to matching U.S. conventional forces," the task force said. "Our options in this area seek to match conventional force capabilities more closely with the actual requirements of defense and deterrence."...
Frank commissioned the study in cooperation with Rep. Walter Jones (R, N.C.), Rep. Ron Paul (R, Texas) and Sen. Ron Wyden (D, Ore.).
About Goddamned time. You want to talk about bloated government spending? The military, along with Social Security, is the example of it in the United States. Yet you hear nary a whit about slashing military spending from our self-proclaimed budget hawks here. Why is that? Because it's welfare for those sectors of the economy they show preference to?
We cannot continue this level of reckless and irrational spending on a programme that produces no tangible benefits and deprives the private sector of useful workers and wages.