The bad news about the Ukraine adventure is that the Russians are putting their empire bacl together.  The good news is that most Americans may be realizing that this is not the best time to cut military spending. We learned this week that China is spending more on its military, according to a recent article at Christian Science Monitor: "China made headlines today with its annual military budget, up 12.2 percent to $132 billion dollars this year. That's about one quarter of the $495 billion military budget that President Obama presented to Congress yesterday."  To be fair, the Chinese military is still inferior to the US, especially given our nuclear capability.  No one is suggesting that. Yet, the article mentions this: "Still, China has launched its first aircraft carrier, tested two models of stealth fighter planes, and recently deployed an anti-ship ballistic missile that some analysts see as a potential threat to...(Read Full Post)