Tag: deficit

Across-the-Board Spending Cut Proposals Go Mainstream

With yawning federal deficits and the need to once again raise the U.S. government’s staggering debt north of the current $14.3 trillion ceiling, both feuding parties, as usual, lack the political courage to cut welfare to their own supporters. For example, Republicans protect the defense budget, the vast majority of which has nothing to do … Continue reading “Across-the-Board Spending Cut Proposals Go Mainstream”

Across-the-Board Cuts Are the Only Road to Budget Reduction

Defense analysts and military personnel are trained to analyze the U.S. defense posture in a certain way. But even analysts who are trying to be restrained in their assessment of threats and force and equipment requirements are politically naïve about the way the real world of defense budgeting works. A different approach is needed to … Continue reading “Across-the-Board Cuts Are the Only Road to Budget Reduction”

Our Chief Industry: War

We often hear the complaint that America doesn’t make anything anymore: that is, our economy seems driven not by producing actual things, but utterly intangible creations such as credit default swaps and securitized sub-prime mortgages. Our once-bustling factories are rusted relics. Entire industries have collapsed. Ghost towns have sprung up where cities once thrived, like … Continue reading “Our Chief Industry: War”