U.S. Sen. Phil Gramm said Monday he would support closing more military bases and downsizing U.S. fighting forces if the money is reinvested into high-tech weaponry. We are going to have to have another round of base closures.
Nobody likes it.
I'd rather go to the dentist. But it's got to happen. Gramm wouldn't say which bases are most vulnerable. Americans will let you use military power only if you can guarantee technological superiority. I think for investing, this is an excellent time.