Military spending: up and away
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The combined cost of Iraq and Afghanistan already surpasses the cost of the Korean War, the Vietnam War, and the Gulf War.            Presented By     From Dell? Home!      &nbsp;&nbsp;The new Dell? Inspiron? 1520 notebook with hi-def widescreen and long-range wireless for only $799. Add mobile broadband for $150. Limited time offer. Click here. www.dell.com    Ads by Pheedo
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The United States military&#39;s new rocket program is $14.44 billion over budget and counting, raising questions about how long taxpayers can subsidize two of America&#39;s biggest
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First there's $784 billion for defense, and that's just the beginning.
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BAGHDAD -- The customers may be thousands of miles away from their homes and families in America, but on US military bases in Iraq the holiday shopping season has arrived, and business is booming.
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BEIJING, March 5 -- China announced Sunday that it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior U.S. official immediately called for clarity on the planned expenditures.
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On the campaign trail, members of Congress often promise to eliminate pork-barrel spending. After all, the federal deficit is now up to $413 billion, and the US is waging an expensive war in Iraq.
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Recent increases in defense spending by Brazil and Venezuela are attracting observers' attention.
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BEIJING, March 4 -- China announced Sunday it will increase military spending at a sharply higher rate this year, budgeting a rise of nearly 18 percent, and a senior U.S. official immediately called for more clarity on what the expenditures are for.
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China's will boost defense spending by 17.8 percent in 2007, accelerating the emerging power's string of annual double-digit rises in money for a modern military that reflects its economic strength.
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Lockheed Martin and Northrop Grumman see profits surge, helped by orders for the wars in Iraq and Afghanistan.
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China's military spending, a point of contention with the United States, will jump 17.8 percent this year, the spokesman for the National People's Congress said Sunday.
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U.S. military spending may soon hit post-World War II highs in real terms, but analysts expect this to mark the end of an 11-year buildup no matter who wins the White House in November.
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The past few years have seen companies doing everything they can to reduce costs. From outsourcing and offshoring to RIFs (reductions in force), the byword has been, âCut expenses.â But if most of the economists are right, 2005 will be a much better year, and companies will go back to concentrating on increasing revenue.
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The high cost of waging war is expected to swell the US budget deficit to $2.3-trillion (US) over the next decade, including a record $422-billion in the current fiscal year
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A cross-continent look at how far your money goes.
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U.S. government spending on information technology is spiking this quarter, a study reports.
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President Bush took aim yesterday at domestic spending as part of a plan to balance the budget in five years without raising taxes while increasing funding for the Iraq war and permanently expanding the military.