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Can Defense ETFs Survive A Spending Slowdown?
September 14, 2011 at 09:45 AM EDT
Over the past few months, one of the key issues that has been facing the U.S. is the enormous budget deficit and how best to get this debt under control. The U.S. has already lost its prized ‘AAA’ credit rating according to S&P and it appears that others may follow if more steps aren’t taken to reign in spending. Thanks to this, a legislative ‘supercommittee’ has been set up in order to find ways to cut spending, while at the same time, allowing the nation to grow. The task is pretty immense as the 12 person group is supposed to somehow agree on an additional $1.5 trillion in savings over a ten year period, not an easy find given how deadlocked and partisan our Congress has become. Nonetheless, one of the first places that lawmakers will probably look at will be in the Defense Department. “”Overall defense spending accounts for [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Over the past few months, one of the key issues that has been facing the U.S. is the enormous budget deficit and how best to get this debt under control. The U.S. has already lost its prized ‘AAA’ credit rating according to S&P and it appears that others may follow if more steps aren’t taken to reign in spending. Thanks to this, a legislative ‘supercommittee’ has been set up in order to find ways to cut spending, while at the same time, allowing the nation to grow. The task is pretty immense as the 12 person group is supposed to somehow agree on an additional $1.5 trillion in savings over a ten year period, not an easy find given how deadlocked and partisan our Congress has become. Nonetheless, one of the first places that lawmakers will probably look at will be in the Defense Department. “”Overall defense spending accounts for [...]
