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Government Action Demanded on Military Spending Crisis

June 3, 2013 By Richard C. Young

My friend and Cato Institute Vice President for Defense and Foreign Policy Studies, Chris Preble joins with other scholars to demand action from the government on the spending crisis that could hollow out America’s military, leaving it incapable of its primary mission, defending this nation.

Today at noon, a group of scholars from several different Washington think tanks will present a joint letter making the case for major reform within the defense establishment. The Wall Street Journal blog leaked some elements of the letter on Thursday, and the full text is now available online here.

The initiative is remarkable both for the names and affiliations of those who signed–from the neoconservative American Enterprise Institute and the Foreign Policy Initiative, to the liberal National Security Network and the Center for American Progress–and for the depth of its analysis. Although I will be unable to attend the meeting on Capitol Hill due to a schedule conflict, I am honored to be a signatory. It is a timely (indeed, long overdue) and important undertaking.

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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