The $650 Billion Bargain: The Case for Modest Growth in America's Defense Budget (The Marshall Papers) - Softcover

O'Hanlon, Michael E.

Softcover

ISBN 10: 081572957X ISBN 13: 9780815729570

Publisher: Brookings Institution Press, 2016

Synopsis

U.S. defense spending isn’t excessive and, in fact, should continue to grow because it’s both affordable and necessary in today's challenging world.
The United States spends a lot of money on defense $607 billion in the current fiscal year. But Brookings national security scholar Michael O'Hanlon argues that is roughly the right amount given the overall size of the national economy and continuing U.S. responsibilities around the world. If anything, he says spending should increase modestly under the next president, remaining near 3 percent of gross domestic product.
Recommendations in this book differ from the president's budget plan in two key ways. First, the author sees a mismatch in the Pentagon’s current plans between ends and means. The country needs to spend enough money to carry out its military missions and commitments. Second, O'Hanlon recommends dropping a plan to cut the size of the Army from the current 475,000 active-duty soldiers to 450,000.
The U.S. national defense budget is entirely affordable relative to the size of the economy, relative to past levels of effort by this country in the national security domain, and relative, especially, to the costs of failing to uphold a stable international order. Even at a modestly higher price, it will be the best $650 billion bargain going, and a worthy investment in this country’s security and its long-term national power.

About this title

From the Back Cover:

It is often said that the United States Spends Too Much Money on National Defense, and the numbers are, in fact, substantial: $607 billion in fiscal year 2016. But Michael O’Hanlon, one of the nation’s foremost defense experts, argues that this is roughly the right amount given the overall size of the national economy and America’s continuing responsibilities around the world. If anything, spending should increase modestly under the next president, growing somewhat faster than inflation and remaining near 3 percent of GDP.

The latest federal budget called for national security expenditures to drop to about $575 billion, in constant 2016 dollars, in 2020. But that proposal is not realistic given the current state of the Department of Defense, modernization and readiness requirements, and the military’s important operations overseas. O’Hanlon’s recommendations differ from that budget plan in three key ways. First, the United States needs to spend adequate money to carry out its overseas military missions and commitments successfully.
Second, the size of the Army should not be cut further. Third, modernization
and readiness budgets should be funded at or near planned levels and not be
threatened by sequestration or other budgetary shenanigans.

The author’s bottom line is that the U.S. national defense budget is entirely affordable relative to the size of the economy and to past levels of national security efforts, but especially when compared to the costs of failing to uphold a stable international order. It will be the best $650 billion bargain going and a worthy investment in America’s security and its long-term national power.

About the Author:

Michael E. O’Hanlon is research director for the Foreign Policy program at Brookings, where he specializes in defense policy. He has written extensively on Northeast Asian security and has traveled frequently to the war zones of the broader Middle East on research trips over the past decade.

About this edition

• Publisher: Brookings Institution Press
• Publication date: 2016
• ISBN 10: 081572957X
• ISBN 13: 9780815729570
• Binding: Paperback
• Number of pages: 160