The Pentagon Meets Reality.
“This department simply cannot risk continuing down the same path where our investment priorities, bureaucratic habits and lax attitudes toward costs are increasingly divorced from the real threats of today, the growing perils of tomorrow and the nation’s grim financial outlook.” -- Defense Secretary Robert Gates, at an afternoon news conference.
You can read summaries of Mr. Gates's plan to begin to rein in Pentagon spending by clicking here and here. It's a start.
U.S. Employers Added 175,000 Jobs in April
59 minutes ago