Gravy Train's a Rollin'

The Island of Balta links to a Reuters article about the proposed Bush "Defense" budget. It gives a whole new meaning to living off government largesse.

Maybe they'll finally be able to equip all of the soldiers with kevlar vests and night vision goggles--but let's not get carried away. First things first:

The defense budget made waves on Wall Street, with analysts seeking clues on the futures of key defense contractors like Lockheed, Boeing Co., Northrop Grumman Corp., Raytheon Co. and General Dynamics Corp. .

"Boeing appears well served by this budget proposal," Wachovia Securities analyst Robert Spingarn said in a research note. The Chicago-based company is the lead contractor for both the ground-based missile defense program and the Future Combat System.

The 2005 budget asks for almost $69 billion in weapons research and development, up from the $64.7 billion it sought last year.

And that doesn't even include the money sinkhole known as "missile defense."

Balta's site has the link to the rest of the article.