Debt, Deficits, and the Defense Budget

February 26, 2013 by IPB

Introduction

“Most projections indicate that the United States is on an unsustainable fiscal path under the current federal tax and entitlement regimes. Absent fundamental reforms, many experts suggest that the nation’s rising debt poses a great long-term threat to U.S. national security, and that the Pentagon’s budget will eventually be crowded out by mandatory social spending programs. Over the last few years, Washington has debated various deficit reduction proposals, but a major legislative compromise has proved elusive.”  Read more…

Source: Council on Foreign Relations