Harsh new realities for the military industrial complex

Defense contractors are bracing for more cuts from the newly formed debt super committee.

FORTUNE — Congress has reconvened, which means lobbyists for the powerful defense industry will go into overdrive to stave off what some in the industry believe could be the greatest single threat to the military-industrial complex since the end of the cold war: The bipartisan budget-cutting “super committee.” Given the acrimony in Washington between Republicans and Democrats, the stage is set for automatic cuts that could see the defense budget fall precipitously, potentially crushing the profits of some of the nation’s largest military contractors.

Read the full story on the CNN Money Blog.

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About antiguerre

Web and mobile developer. Peace and human rights activist. Will code for peace. Be an activist - change comes from the bottom up, not the top down.
This entry was posted in Military Industrial Complex Revisited and tagged , , . Bookmark the permalink.

2 Responses to Harsh new realities for the military industrial complex

  1. DarthEVaderCheney says:

    I can’t wait for these evil military-industrial complex basta*ds to fill their britches when they see their dirty profits go down the drain and their salaries suddenly ‘hit bottom’. Unfortunately, they’ll fire/terminate a few thousand workers to keep filling their pockets, so no harm done!

  2. Jack Smith says:

    The military – Industrial complex propaganda continues. They are suggesting that the United States cannot do without the wars that they support. I disagree!

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