Winslow Wheeler: Defense Cuts, Defense Flim-Flam

There are numerous misleading and misinformed assertions being made about the defense spending parts of the debt deal. The White House’s “fact sheet” asserts a $350 billion savings in the “base defense budget.” The $350 billion in defense savings that the White House declares apparently uses a different “baseline” (basis of comparison) and pretends that a …

Defense and the Deficit–Busting the Defense Bubble, Ending Defense Entitlement

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 …

Serious (Honest) Thinking About US Budget

Dear friends, The three articles below describe major approaches to addressing the deficit — for health care, taxes and the military — that would have a greater impact on America’s budget woes than ANYTHING being currently negotiated by Congress and the Obama Administration.  Even better, these three things would, if implemented, actually improve the quality …