"Obama follows Bush in defense budget" (with video)

PressTV with video (01:43):

Obama recently announced that the United States is going to invest USD 85 billion on modernizing its nuclear weapons.

"I think there is one thing we know from the Obama administration… there is not much sunlight between it and its predecessor, the Bush administration, when it comes to defense spending," Washington-based national security analyst Wayne Madsen told Press TV on Sunday.

"The defense budget is going up at the same time [as] the administration is considering massive cuts on social spending, on social security, Medicare, unemployment insurance," the expert added. MORE...

Howie P.S.: More good news on the foreign policy front:

A decision by US President Barack Obama to extend the presence of American troops in Afghanistan beyond 2014 is likely to increase the remaining cost of the unpopular war to USD 413 billion.
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Calculating costs based on USD 1.1 million per soldier per year, Harrison assesses that the new description of the deadline will cost the American taxpayers an additional USD 125 billion through 2014 alone.