This is from the October 2, 2005 program of
60 Minutes.

This contains the "Military-Industrial Complex Speech" by Dwight D. Eisenhower in 1961.

Andy Rooney's really a stand up guy! One of the few on television these days to have the courage to tell it like it is.

Video - Andy Rooney On The Military Industrial Complex Taking Over The U.S. (6 MB)

Audio - Andy Rooney On The Military Industrial Complex Taking Over The U.S. (MP3 4 MB)

Dwight D. Eisenhower:
"We must guard against the aquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disasterous rise of misplaced power exists, and will persist."

Andy: "Well, Ike was right. That's just what's happened."

Complete Transcription:

I'm not really clear about how much a billion dollars is. But the United States, our United States, is spending five billion, six hundred million dollars a month ($5,600,000,000.00) fighting this war in Iraq that we never should have gotten into. We still have 139,000 soldiers in Iraq today. Almost 2,000 Americans have died there. For what?

Now, we have the hurricanes to pay for. One way that our government pays for a lot of things is by borrowing from countries like China. Another way the government is planning on paying for the war and the hurricane damage is by cutting spending for things like medicare perscriptions, highway construction, farm payments, Amtrak, national public radio, loans to graduate students. Do these sound like things you'd like to cut back on to pay for Iraq?

I'll tell you where we ought to start saving, on our bloated military establishment. We're paying for weapons we'll never use. No other country spends the kind of money we spend on our military. Last year, Japan spent $42 billion dollars, Italy spent $28 billion dollars, Russia spent only $19 billion. The United States spent $455 billion. We have 8,000 tanks, for example. One Abrams tank costs 150 times as much as a Ford stationwagon. We have more than 10,000 nuclear weapons. Enough to destroy all of mankind. We're spending $200 million dollars a year on bullets alone. That's a lot of target practice.

We have 1,155,000 enlisted men and women, and 225,000 officers. One officer to tell every five enlisted soldiers what to do. We have 40,000 Colen and 870 generals.

We had a great commander in WWII, Dwight Eisenhower. He became President, and on leaving the White House in 1961 he said this:

"We must guard against the aquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disasterous rise of misplaced power exists, and will persist."

Well, Ike was right. That's just what's happened.