How Not to Save Money: Pentagon Edition
If you want to fix the budget deficit, defense spending is a good place to start. Stimulus, bailouts, and earmarks get all the media attention, but the truth is defense is the second largest money sink in the federal budget.
So I got excited when reading a CNN article titled "Pentagon Eyes $100 Billion in Savings." Whether or not such savings will ever materialize is questionable (and doubtable), but, hell, 'A' for effort, guys.
Then comes this line: "[Defense Sec. Robert Gates] has said he would put the savings back into personnel, military units and future war-fighting capabilities."
O .... K. So it's not really savings per se. Savings actually requires you to stop spending. This is like saying, "Billy plans on quitting smoking. He plans to use the money saved from quitting to buy more cigarettes."
But hey, at least Gates is honest.