The Nimitz-class aircraft carrier USS Ronald Reagan (CVN 76) makes her way into Pearl Harbor, November 2008. Pearl Harbor was the final port visit of the deployment for Ronald Reagan. (U.S. Navy photo by Senior Chief Mass Communication Specialist Spike Call. )From The Compass/Real Clear World:
Niall Ferguson thinks its possible:
As interest payments eat into the budget, something has to give—and that something is nearly always defense expenditure. According to the CBO, a significant decline in the relative share of national security in the federal budget is already baked into the cake. On the Pentagon's present plan, defense spending is set to fall from above 4 percent now to 3.2 percent of GDP in 2015 and to 2.6 percent of GDP by 2028.Read more ....
My Comment: I have been saying the same thing for the past year. Kudos to the Compass for writing a better post that explains why.
Newsweek has a similar article .... it is HERE.
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