Defense budget woes.

• Author: Jones, Roger F.
• Position: READERS'FORUM - Letter to the editor

Lawrence Farrell's recent President Perspective articles have been right on target about the serious threats to Defense Department funding that loom imminently It appears that the U.S. government is very close to the tipping point with respect to the enormous fiscal deficit it is running and we have only to look to Europe to see how this will play out. A fully socialized economy has always been one that spends more than it takes in, because spending invariably stays ahead of revenues. Virtually every country in the European Union has diminished its military in order to continue spending for social purposes, be it health care or pensions...