Gates Digs In On Budget Cuts -- Wall Street Journal
Secretary of Defense Robert Gates met with more than a dozen top defense-industry executives last week to deliver a message: Start delivering cost savings, or the government will do it for you.
The meeting raised the stakes for a sweeping initiative launched by Mr. Gates this earlier this summer to trim the fat from the $700 billion U.S. military budget. Mr. Gates aims to realize savings of $100 billion over the next five years, freeing up money to ensure troops overseas are properly equipped and supported even as military budgets flatten.
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My Comment: This approach is long overdue .... let us hope that some positive results comes out from it.