Rapid Fire Jan. 31, 2013: Feds Uncertain Why They’re Spending Less

Rapid Fire Jan. 31, 2013: Feds Uncertain Why They’re Spending Less

* Alan Krueger, Chairman of the Council of Economic Advisers (to the White House), on the reason why US GDP contracted by 0.1% in Q4 2012: “Federal defense purchases declined at an annual rate of 22.2 percent in the fourth quarter of 2012, the largest quarterly...
Rapid Fire Jan. 31, 2013: Feds Uncertain Why They’re Spending Less

Rapid Fire Jan. 30, 2013: Defense Dealings Lack Transparency

* Non-profit Transparency International asserts [PDF] that a vast majority of countries exert little, if any, political oversight of defense policy or scrutiny of defense procurement. Only Australia and Germany are ranked as at “very low risk” of...