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In the decade since the Sept. 11 attacks, the annual defense budget has more than doubled to $700 billion and annual defense industry profits have nearly quadrupled, approaching $25 billion last year.
Military spending typically rises during wartime and falls during peacetime. But after Sept. 11, and as the wars in Iraq and Afghanistan evolved, it became clear the country needed to spend money on very different military technologies and strategies.
Fighter jets, missile defenses and other Cold War-era systems designed to deal with the perceived threats of nation-states were less useful. The U.S. military had to increase its ability to find, recognize and track enemies that were scattered in many countries and dispersed among the civilian population.
Congress is mandated to find $350 billion in spending cuts from the defense department spread throughout the next decade, but that does not limit the amount that can be spent in any individual year. The mandate was included in the August debt limit deal Congress cut with President Barack Obama. The situation for the defense industry could worsen though, because of a clause in the deal that says another $500 billion in defense spending cuts over 10 years would automatically kick in if the 12-person Supercommittee fails to reach a deficit-cutting deal by November. War spending also is expected to wind down.
North Korea said its wealthy neighbor started the fight.
"Despite our repeated warnings, South Korea fired dozens of shells from 1 p.m. ... and we've taken strong military action immediately," its KCNA news agency said in a brief statement.
South Korea said it had been conducting military drills in the area beforehand but had fired west, not north.
Originally posted by intrptr
reply to post by TheLonePhantom
Cry Havoc and unleash the dollars of war.
And I remember that the disputed # of dead took a while to settle out due the number of people that claimed to be deceased in order to cash in on their life insurance policies.
Lets see... what else can we sweep under the rug of 9/11?
Originally posted by TheLonePhantom
Originally posted by intrptr
reply to post by TheLonePhantom
Cry Havoc and unleash the dollars of war.
And I remember that the disputed # of dead took a while to settle out due the number of people that claimed to be deceased in order to cash in on their life insurance policies.
Lets see... what else can we sweep under the rug of 9/11?
This is merely an attempt at an alternative theory which I have not yet seen presented on this board. Am I saying that anyone who made money off 9/11 was automatically responsible? Of course not.
Originally posted by intrptr
Sorry you misunderstood. I like this thread and thought I was merely agreeing with you.