The Cato Institute’s Chris Preble offers some reasoned perspective:
McCain, Thornberry, and Cotton want much more military spending because they believe the world is too dangerous, and the U.S. military is too small to deal with the dangers.
But today’s threats are relatively modest and manageable compared with our recent past. And while the U.S. military is smaller than in 2010, or 1990, it is not necessarily too small.
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Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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