Politics & Government

October 8, 2008 8:11 PM

Financial crisis could put crimp in defense spending plans

In the past eight years, defense spending, including the wars in Iraq and Afghanistan, has risen 52 percent, and Pentagon officials are calling for additional manpower and weapons that will push the total still higher. But military officials and experts are worrying that America may have to start reining in defense spending as the country faces huge bailout costs, an aging baby boomer population and growing health care expenses.

Related content

Suggested for you



Politics & Government Videos