Last Saturday’s issue of Barron’s ran a cover story on the deficit and their own take on how to address it. In contrast to the recent recommendations from President Obama and the House Republicans, defense was actually “on the table,” not “at” it. In the absence of any adult thinking on the deficit since the Deficit Commission in December, Barron’s addresses a void that remains vast and empty in Congress and the Executive branch. The article puts on the table a defense recommendation — which I urged to them — that goes significantly deeper than even the Deficit Commission’s — in truth fuzzy — recommendation on “security” spending.
Almost immediately, Forbes published at its website a related piece on defense spending and The Pentagon Labyrinth that contains some interesting private sector views on how the public might be beginning to perceive the current size of the defense budget and condition of our armed forces: note the references to “defense entitlement,” “defense bubble,” and “parade ground military.” It would seem that the paradigm is changing, at least outside Washington DC. (If you think that the recent killing of bin Laden proves the “parade ground” moniker wrong, I urge you to read the introduction essay in The Pentagon Labyrinth: “Why Is This Handbook Necessay?“.
Bursting The Defense Bubble: End The Entitlement Mentality
Steve Denning, Forbes, 30 April 2011
Grow Up, Guys!
By GENE EPSTEIN
Barron’s Cover SATURDAY, APRIL 30, 2011
While the President and GOP sling mud at each other, the debt crisis is growing. Barron’s offers some tough-but necessary-ways to alleviate it.
Phi Beta Iota: It is possible to eliminate the deficit by making Medicare prices honest and stopping the borrowing of money for corporate pork that feeds political pork. It is possible to eliminate personal income taxes by adopting the Automated Payment Transaction (APT) Tax, which actually produces a great deal more revenue which is desperately needed to bail out the equally irresponsible state governments and pension funds (both government and corporate). America is hosed. It is not possible to “reset” until Washington can combine intelligence and integrity, and that may require a public revolt on both taxes and the fraudulent corrupt Electoral System that keeps the two-party tyranny in a position to continue looting the Commonwealth.