November 20, 2012

Cutting the Defense Budget Without Compromising National Security

Veronique de Rugy

George Gibbs Chair in Political Economy

If Washington is going to get serious about stabilizing our long-term economic outlook, implementing the sequestration cuts are the first steps in the right direction.

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In a few months, the federal government is scheduled to implement a series of across-the-board spending cuts in a process known as sequestration. The two parties agreed to these cuts last year as part of a deal to raise the debt ceiling by a cumulative $2 trillion.

Washington got its debt ceiling increase. Now it's time for them to deliver on the spending cuts.

To no one's surprise, many on both sides are looking for ways to get out of meeting their end of the bargain. There is one noticeable exception. In the last few months, Sen. Tom Coburn, a Republican of Oklahoma, has produced two reports in which he lists the easiest place to cut government spending: waste.

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