« Paul Krugman: Writing Off the Unemployed | Main | When Will the Fed End Its Zero Rate Policy? »

Monday, February 10, 2014

'Our Military is Irrationally Large'

James Kwak:

Why We Have a Debt Problem, Part 23: So, we have eleven aircraft carrier groups. No other country in the world has more than one. Everyone who has looked at the issue has agreed that we could do with fewer than eleven while still achieving our national security goals: Bush/Obama Defense Secretary Robert Gates, Obama Defense Secretary Chuck Hagel, and think tanks on the left and the right.
But apparently we can’t retire even one–even though we would save not just the annual operating costs, but most of the $4.7 billion it will cost to refurbish over the next five years. Instead, the Obama Administration has promised the Pentagon that it can simply have more money and not comply with the spending limits set in the 2011 debt ceiling agreement (and modified by Murray-Ryan).
Why? Well, legislators from states with Navy bases don’t want to reduce the Navy’s budget. More important, though, few people want to be for a smaller military–even when our military is irrationally large, given our other national priorities (healthcare, education, infrastructure, etc.). Instead of asking whether we need eleven times as many aircraft carriers as any other country, defenders insist that any reduction is a sign of weakness–conveniently overlooking the fact that we used to have fifteen carriers, and the world hasn’t ended.  ...

    Posted by on Monday, February 10, 2014 at 09:10 AM in Economics, Fiscal Policy | Permalink  Comments (56)

          


    Comments

    Feed You can follow this conversation by subscribing to the comment feed for this post.