$662 Billion on “Defense”
December 15, 2011 at 4:58 PM Leave a comment
U.S. Congress Approves $662 Billion Defense Plan Headed to Obama
U.S. Congress today passed a $662 billion defense authorization bill for 2012 which aims to control costs of the Lockheed Martin Corp. (LMT) F-35 jet and mandates that members of al-Qaeda be placed in military prisons.
The U.S. Senate approved the final bill today by a vote of 86-13 and it goes to President Barack Obama for his signature. The House approved the measure yesterday by a vote of 283-136.
The defense authorization act, which sets military policy and spending targets for the fiscal year that began Oct. 1, also includes a provision to impose sanctions on Iran’s central bank.
So, we’re going to spend $662 billion on defense? Defense against who? Defense against what?
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