Romesh Ratnesar
is Deputy Editor of Bloomberg Businessweek and a Bernard L. Schwartz Fellow at the New America Foundation. A former Time deputy managing editor and foreign editor, he has reported from many countries around the world, including Iraq, Afghanistan and Israel and the Palestinian territories.
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Writing
Military Spending Must Be Part of the Deficit Debate
Time, April 11th, 2011
The budget compromise reached by the White House and Congress this weekend included a "historic amount of cuts," as House Speaker John Boehner and Senate majority leader Harry Reid said in their joint statement announcing the deal. "The largest annual spending cut in our history," boasted President Obama. Media coverage of the deal hailed the "sweeping" and "across-the-board" nature of the cuts...And yet there is one, massive piece of the federal budget that these brave hawks dared not touch: defense. Not a solitary penny of the $38 billion in spending cuts will come out of the Pentagon's coffers.