Pentagon Budget Stuck in Last Century as Warfare Changes

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The Obama administration foresees 21st century wars fought with fewer boots on the ground and more drones in the air, while the Pentagon continues buying weapons from the last century.

In his Feb. 12 State of the UnionBloomberg Terminal address, President Barack Obama said America no longer needs to deploy tens of thousands of troops to occupy nations or meet the evolving threat from new extremist groups. Cyber-attacks are the “rapidly growing threat,” he said.