President Obama and Pentagon leaders late last week unveiled a new defense strategy for a smaller, more flexible military force, which the president says will prepare the nation for the threats of the future while restoring balance between the defense budget and domestic spending. The plan would cut defense spending by 10 percent over the next decade, and there are worries that this could harm our ability to recover from the recession and potentially lower long-run economic growth.How valid are these concerns? Beginning with the worry about the effect of the cuts on the recovery from the recession, anything that reduces spending on domestic goods and services will slow the economy and hurt our ability to recover. Thus, if cuts to defense spending cause the demand for goods and services to fall substantially, there would be a corresponding decline in gross domestic product (GDP), and a slower recovery. Obama unveils new defense strategyPanetta: Smaller military means more riskFacing … [Read more...] about Will Obama’s military cuts hurt the economy?
Assigning historical importance to one date or another is always an arbitrary affair. But in the annals of military technology, Sept. 17 is a significant date. On this day in 1916, Manfred Freiherr von Richthofen, the legendary `Red Baron' of World War 1, shot down his first allied aircraft over France. In what would be the first of a record 80 kills, Von Richthofen, flying an Albatross biplane, successfully engaged a plane piloted by British Second Lieutenant Lionel Morris. Recalling the aerial duel later, he said: My Englishman twisted and turned, flying in zig-zags. I was animated by a single thought: 'The man in front of me must come down, whatever happens.' At last a favorable moment arrived. My opponent had apparently lost sight of me. Instead of twisting and turning he flew straight along. In a fraction of a second I was at his back with my excellent machine. I gave a short burst of shots with my machine-gun. I had gone so close that I was afraid I might dash into the … [Read more...] about CBS News Logo The Red Baron: A Military Aviation Legend
SAN FRANCISCO--If you've ever taken Lincoln Boulevard through the Presidio here, you almost certainly didn't know that you passed within feet of one of the best-preserved World War II-era anti-aircraft machine gun nests in the country. In fact, all around the Presidio are dozens of these original trenches and fox holes, most of which are completely grown over with weeds and other vegetation, but many of which still have the pillars on which Army crews once mounted their .50 caliber guns in preparation for an aerial or sea-based attack that, thankfully, never came. As part of my Road Trip at Home series, I recently went on a tour with Stephen Haller, a National Park Service historian, of some of these sites, as well as many other of the hundreds of coastal fortifications built over more than a century from the Civil War to the Cold War that are located in and around San Francisco. And while some of them were built to house thunderous guns capable of firing on enemy ships as far as 25 … [Read more...] about CBS News Logo Armed to the Teeth: SF’s Hidden Military Fortifications
A LEADING Pentagon official has warned China is secretly creating futuristic weapons capable of wiping out the west’s military technology. General Robert Ashley, Director of the US Intelligence Agency, said Beijing's might is one the greatest threats currently posed to the US. He warned China is already developing a range of deadly weapons, including long-range cruise missiles capable of reaching supersonic speeds. The military leader added the rising superpower is also working on a new bomber would give Beijing a deadly trinity of land, air and sea-based nukes. The warning comes less than a week after Russian President Vladimir Putin unveiled new strategic weapons that he claimed couldn’t be intercepted. But according to Ashley, the threat China poses is just as dire adding its military is developing capabilities to “dissuade, deter or defeat” any enemy. “China and Russia present the greatest threat of developing new military capabilities using emerging … [Read more...] about China’s futuristic military is ‘bigger threat than previously thought’
(CNN)Russian President Vladimir Putin on Thursday used a concept video of unlimited range nuclear warheads apparently raining down on Florida -- President Donald Trump's home away from home -- to tout his country's new firepower. Putin boasted about the Kremlin's resurgent military might during his annual address to his nation's Parliament, hyping weaponry that he said would render NATO defenses "completely useless." Putin claims new 'invincible' missile can pierce US defenses He drew repeated applause with animation-backed claims of nuclear-capable weapons that elude air-defense systems and "invincible" missiles that travel at hypersonic speed. "Any use of nuclear weapons against Russia or its allies, any kind of attack, will be regarded as a nuclear attack against Russia, and in response, we will take action instantaneously no matter what the consequences are," Putin said. "Nobody should have any doubt about that." Putin, who is up for re-election March 18, used Thursday's … [Read more...] about Putin boasts military might with animation of Florida nuke strike