Of Course!

Financial Rescue Nears GDP as Pledges Top $12.8 Trillion!

http://www.bloomberg.com/apps/news?pid=20601087&sid=armOzfkwtCA4&refer=home

The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.

Think about that for a minute, let it sink in. Got it? Good.

Now take a great big wild guess at the one thing or category that they're cutting back on.

If you said 'Defense', give yourself a cookie.

Senator: Expect painful cuts in Pentagon budget

http://www.breitbart.com/article.php?id=D9794LL81&show_article=1

WASHINGTON (AP) - A Senate defense committee chairman says Pentagon budget will include large, painful cuts. Senate Armed Services Committee Chairman Carl Levin said Tuesday that major program cuts will not be pushed off until the 2011 budget, but will be included when Defense Secretary Robert Gates sends his spending plan to the president later this month.