http://www.ntu.org/governmentbytes/in-the-fight-over-defense.html

In the Fight Over Defense Cuts, Taxpayers Are the Real Losers

Nan Swift
October 11, 2012 When it comes to defense, much of the rhetoric surrounding this issue, both in the Virginia senate race where defense contractors are a major source of employment for citizens of the state, and in the Presidential race, has focused on the potential effects of pending sequester cuts that will take $55 billion off the top of the current $562 baseline budget on January 3.
Unfortunately, by focusing solely on potential job losses (sincerely unfortunate though they would be), the larger more serious problem of the entrenched military-industrial complex, that a departing President Eisenhower so famously warned us about, and the enormous waste associated with the bloated Pentagon bureaucracy has been largely ignored.