Measure Subsist On Defense Department News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dramatically. i tried to coin the term the golden age of deficit reduction. guilded age. never before have we had so much deficit reduction. it s coming in at 640. no one contemplated that magnitude. let s not forget the poor, giant corporations. federal government contracting is a major piece of business in this country, so you ve had cisco systems come out and say our sales aren t going to be so great because of the sequester. ibm, ge, booze allen, these are people who in large measure subsist on defense department contracts. they re not getting them and to me it s sort of amazing. we re not surprised that the political system is not responsive to the poor. so that s part of what was we are surprised that it s not responsive to the rich. this is what is interesting about the wall street journal piece this morning. part of it s claim is that you end up with these folks who ....

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