Can the U.S. Defense Budget Survive Sequestration?
Cato analysts make the case that the defense cuts looming in sequestration ($500 billion in automatic cuts over the next 10 years unless Congress can agree to a major deficit-cutting bill) won't leave America defenseless.
I tend to agree that the U.S. military budget has ample room to be shaved back, commensurate with a realignment of U.S. resources. But in an ideal world these cuts should be made as a result of a strategic assessment, not Congressional dysfunction.