Panetta’s job: Find savings
2:33 PM 06/27/2011
Having been unanimously confirmed for the job of secretary of defense by the United States Senate, Leon Panetta has a big job on his hands.
If the United States had a true free market economy, companies that made bad decisions would have to face the consequences of those decisions. But the U.S. has a mixed economy, meaning -- among other things -- that the federal government all too often steps in to protect companies from the consequences of their mistakes.
Having been unanimously confirmed for the job of secretary of defense by the United States Senate, Leon Panetta has a big job on his hands.
For all his talk of reform, President Barack Obama and his allies have it in for anything not part of the government education monopoly.