Barney Frank and Ron Paul on the need to 'make substantial cuts' in Pentagon spending

Voices from opposite ends of the political spectrum agree on something -- the need to cut defense spending:

As members of opposing political parties, we disagree on a number of important issues. But we must not allow honest disagreement over some issues interfere with our ability to work together when we do agree.

By far the single most important of these is our current initiative to include substantial reductions in the projected level of American military spending as part of future deficit reduction efforts. For decades, the subject of military expenditures has been glaringly absent from public debate. Yet the Pentagon budget for 2010 is $693 billion -- more than all other discretionary spending programs combined. Even subtracting the cost of the wars in Iraq and Afghanistan, military spending still amounts to over 42% of total spending.

It is irrefutably clear to us that if we do not make substantial cuts in the projected levels of Pentagon spending, we will do substantial damage to our economy and dramatically reduce our quality of life.