Download Free Price Changes Of Defense Purchases Of The United States Book in PDF and EPUB Free Download. You can read online Price Changes Of Defense Purchases Of The United States and write the review.

The purpose of the study is to review the likely impact of reduced military expenditures on the economy of the United States and to identify some of the more pressing problems which may be encountered in the shift of resources from military to non-military uses. (Author).
Leading scholars examine the links between domestic politics, defense spending and the economics of the US defense industry.
" U.S. defense spending isn't excessive and, in fact, should continue to grow because it's both affordable and necessary in today's challenging world. The United States spends a lot of money on defense--$607 billion in the current fiscal year. But Brookings national security scholar Michael O'Hanlon argues that is roughly the right amount given the overall size of the national economy and continuing U.S. responsibilities around the world. If anything, he says spending should increase modestly under the next president, remaining near 3 percent of gross domestic product. Recommendations in this book differ from the president's budget plan in two key ways. First, the author sees a mismatch in the Pentagon's current plans between ends and means. The country needs to spend enough money to carry out its military missions and commitments. Second, O'Hanlon recommends dropping a plan to cut the size of the Army from the current 475,000 active-duty soldiers to 450,000. The U.S. national defense budget is entirely affordable--relative to the size of the economy, relative to past levels of effort by this country in the national security domain, and relative, especially, to the costs of failing to uphold a stable international order. Even at a modestly higher price, it will be the best $650 billion bargain going, and a worthy investment in this country's security and its long-term national power."