Declining Pentagon budgets likely, says Joint Chiefs chairman

01/11/2010 | Reuters

The chairman of the Joint Chiefs of Staff said Friday he expects declining military budgets in the coming years as high unemployment and record deficits take their toll on the U.S. economy. "I don't anticipate that the [Pentagon budget] is going to go up," Adm. Mike Mullen told the Naval War College. "In fact, I anticipate it's probably going to go in the next couple of years in the other direction." Analysts say overall Pentagon spending will likely increase for fiscal 2011. But personnel and medical costs will account for much of that increase, while procurement programs continue to feel the budget squeeze.

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