5Center for American Progress | Institute for Policy Studies | Rebalancing Our National Security
Tis repor delves deeply ino hese spending choices, bu, rs, le’s briefy runhe numbers, beginning wih he deense budge.
$1 trillion over 10 years
Several biparisan commissions have produced rameworks or deci reducionover a 10-year horizon; hese commissions recommend Penagon spending cusapproximaing hose mandaed by he Budge Conrol Ac, including sequesra-ion. Among hem is Presiden Obama’s own Naional Commission on FiscalResponsibiliy and Reorm, known as he “Bowles-Simpson Commission;”
hecommission headed by Alice Rivlin, Presiden Clinon’s ormer direcor o he Oceo Managemen and Budge and ormer Republican Sen. Pee Domenici; and heSusainable Deense ask Force,
o which several on our ask Force are members. All hree o he above proposals include specic Penagon cus ha add up oapproximaely $1 rillion over he 10-year period menioned above. Tese cusmake sense. As he larges iem by ar in boh he discreionary ederal budge andhe securiy budge, Penagon spending has he larges impac on he rebalancingequaion. Since 2001 he Unied Saes has increased is miliary budge dramai-cally, paying or i wih borrowed unds ha have swelled he deci, a he sameime bringing us, in real erms (aer accouning or infaion) o he highes levelso Penagon spending since World War II.
Our curren miliary expendiures accoun or nearly hal o he world’s oal.
Wespend as much as he nex 17 counries—mos o hem our allies—pu ogeher,
and we spend more in real erms now han we did on average during he Cold War, when we did have an adversary—he Sovie Union—who was spending abou asmuch as we were and was an exisenial hrea.
Guaraneeing perec securiy isimpossible. Bu our dominance in every dimension o miliary power is clear. Inrecen years we have been building more “sraegic deph” ino his dominance wih-ou regard o is coss—boh o our reasury and o our oher prioriies. A responsi- ble rollback o our miliary budge is achievable wih no impac on our securiy. Tisreduced spending rajecory is saely achievable or he ollowing reasons:
I would bring he miliary budge back o is infaion-adjused level o FY 2006—close o he highes level since World War II and he second-o-las year o he George W. Bush adminisraion
Was anyone worried ha we weredisarming ourselves hen?