By Benjamin H. Friedman
The changes announced in the Pentagon’s new budget guidance are, from my perspective, mostly good news, but woefully insufficient. They show how even limited austerity encourages prioritization among weapons systems …
The New Pentagon Budget: Better, but Not Great is a post from Cato @ Liberty – Cato Institute Blog
President Obama visited the Pentagon on Thursday to outline his plan for gutting our nation’s military. Obama’s vision makes America more vulnerable to foreign threats and leaves our armed forces less able to provide for the common defense. As we’ve previously illustrated, Obama has proposed significant reductions to the Pentagon’s budget. This week’s chart shows how sharply defense spending has dropped as a percentage of the total federal budget — currently well below its historical average despite ongoing operations overseas. The chart also debunks the myth that our Founding Fathers … More
New polling data reveals that voters in Iowa and New Hampshire overwhelmingly believe the federal budget deficit is the most important economic issue facing the United States today. Despite the nation’s persistent high unemployment rate, voters in the two early-voting states chose the deficit by wide margins. The CNN/Time/ORC poll was conducted before and after Christmas with 999 registered Republicans in Iowa and a total of 1,508 adults in New Hampshire. The results, released Wednesday, paint a clear picture about what voters are thinking about heading into 2012. They also … More
