May 7, 1994 |
The defense spending plan approved by the House Armed Services Committee hews to President Clinton's budget while expressing concern that the military not become a "hollow force" unable to handle more than one regional war. The $263.3-billion spending plan for fiscal 1995, approved Thursday and released Friday, is slightly below Clinton's request and adjusts some Administration priorities. It also finances a new aircraft carrier and stops short of killing the troubled C-17 cargo plane.
November 29, 1989
Three cheers for Summers. It is naive to believe that one of the two most powerful nations on earth is going to just roll over and quit warring or supporting other nations willing to war. The Eastern Bloc may be going through some major changes but there has not yet been any destruction of chemical, nuclear or conventional weapons, nor has there been any indication that this is about to take place. War is a fact of life, tragedy is a fact of war.
March 28, 1995 |
A reversal of fortune at other defense laboratories does not mean it has happened at the Thousand Oaks research and development wing of aerospace giant Rockwell International Corp. Rockwell's Science Center has weathered the slowdown in defense spending by converting much of its defense-oriented research into other commercial ventures. Rockwell's lab once drew 70% of its funding from defense work and 30% from other contracts.
July 26, 1990 |
President Bush urged lawmakers Wednesday to spare key Pentagon spending programs from the budget ax as the White House and top congressional leaders moved toward completing separate proposals this week for cutting $50 billion from next year's federal budget deficit.
October 30, 2003 |
Stocks of aerospace companies rebounded Wednesday as two of the nation's top defense contractors, bolstered by a sharp uptick in Pentagon spending, reported better-than-expected third-quarter earnings and predicted continued growth next year. Although Boeing Co.'s net income fell 31% from a year earlier, mainly because of a charge related to the shutdown of production of its 757 commercial jets, profit from its defense business helped the company beat Wall Street projections.
November 19, 1997 |
President Clinton signed a $268-billion defense bill Tuesday even though it endangers fulfilling his campaign promise to save jobs at two military bases being closed in Texas and California. White House officials would not elaborate on Clinton signing the bill, and he made no statement about it. The legislation gives Clinton the power to kill the B-2 bomber program, requires him to give Congress a detailed report before extending U.S.
August 16, 1991 |
Challenging conventional wisdom that Pentagon spending benefits big defense centers such as Los Angeles, a Michigan State University professor released a study Thursday that shows three-fourths of U.S. cities pay more in federal taxes for defense than the cities receive in Pentagon spending. Taxpayers in the Los Angeles area pay about $12.3 billion for defense, but only about $10 billion is returned in Pentagon spending--a deficit of roughly $900 per family, according to the study by James R.
January 8, 1992 |
President Bush has decided to propose major new cuts in defense spending in next year's federal budget but is still considering how the proceeds should be used, senior Administration officials said Tuesday. Bush, who is weighing a variety of proposals to stimulate the economy as he prepares for his State of the Union address Jan.
May 18, 1989 |
Nearly three out of four Americans live in communities that pay more in taxes to support the Pentagon than they get back in defense spending, a study released today said. The study, "Bankrupting America," found that 321 of the nation's 435 congressional districts are net-loss areas in the trade-off between defense spending and military taxes.