US Should Cut Military Contracting By 20%, Panel Says

Law360, Washington (September 24, 2013, 7:44 PM EDT) -- A study released Tuesday by a group of former top military officials and underwritten by the billionaire “deficit hawk” Peter Peterson recommended cutting the number of government military contractors by 20 percent to reduce purportedly unsustainable government spending.

In a report prepared by the nonprofit global security think tank Henry L. Stimson Center and sponsored by the Peter G. Peterson Foundation, a 17-member panel of top officials, including two former vice chairmen of the Pentagon's Joint Chiefs of Staff, said that reining in contracting spending by...
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