Deficit Commission Calls For Budget Cuts - Since the attacks of 9/11, the Defense Department budget has roughly doubled. It now accounts for half of all discretionary spending. Some budget watchers estimate the U.S. spends almost as much on the military as the rest of the world combined. With growing worries about federal spending, the co-chairs of a bipartisan commission on the nation's deficit took aim last week at the Pentagon budget. The military is so big, they say, that the government can cut at least $100 billion from its swelling budget. And they're getting support from more conservatives. Many politicians have long considered the defense budget untouchable, especially amid the ongoing wars in Iraq and Afghanistan. There's fear of being labeled soft on defense. But some newly elected Republican members of Congress are publicly mulling across the board cuts, including at the Pentagon. In this hour, we'll be joined by Dov Zakheim. He was the undersecretary ...
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