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IPFS News Link • Government Debt & Financing

Cost of military campaign in Libya could wipe out GOP's spending cuts


U.S. military operations in Libya could wipe out a significant chunk of the budget cuts won by congressional Republicans in recent weeks, defense analysts say. 

GOP leaders have trumpeted enacted spending reductions that amount to more than $285 million per day since the beginning of March.

But defense analysts say the Pentagon could be burning through more than $100 million per day in Libya, putting those budget savings at risk. 

1 Comments in Response to

Comment by Powell Gammill
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Heck, just half a day of unpaid debt interest wipes out the GOP's meaningless spending cuts.