The Future of Military Spending

I'll be the first to admit this is a dry topic and I couldn't think of a snappy headline . . . but the arrival of this plane has sparked some debate.

A couple of weeks ago the Russian air force unveiled its first ever stealth fighter. Retired US fighter pilot Bill Paisley assesses just what it can do from a pilot's view and suggests it's a case of looks good but lets wait and see while a commenter at Bill's site suggests competition from Russia is good news for US jobs:

As an engineering student this is exciting. Our aerospace industry has been sluggish since the end of the cold war, maybe now there will be some big bad new projects to work on!

Is this wishful thinking? The US like many other countries around the world is curtailing spending on traditional 'big' hardware projects like the F 22 Raptor. Tax Blogger Linda Beale isn't convinced though:

Why is it that military contractors and huge banks seem to be protected by administration and congress?

• Bookmark with:
• del.icio.us |
• Digg |
• Newsvine |
• NowPublic |
• Reddit
• - What's this?