I’ve been in Newport, RI for the past couple days learning a lot about national security and defense spending–and talking about my perspective on the federal
budget outlook–at a workshop at the Naval War College on “Economics and Security: Resourcing National Priorities.” I’ve been hanging around a small group of very senior military officers, ambassadors, and national security experts, and I’ve been learning a lot. The around 4000-word paper I wrote for the conference is called “The Way Out of the Fiscal Hole: An Economist Mom’s Perspective.” It is sort of a “best of EconomistMom.com” paper which I will share here once it’s published–or perhaps even post excerpts from beforehand. But mostly what’s been great about this experience is learning that just because someone is a high-up person in the military doesn’t mean he or she doesn’t question the wisdom of the way the U.S. spends money on defense and national security or the federal budget as a whole. There’s a lot going on within the defense and national security budget that is really just a smaller version of the dysfunction within the federal budget and the U.S. economy as a whole. I hope to share some of what I learn here with my readers when I get back. (I’m here for one more day.)
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