Concern over the nation’s looming deficit has prompted a renewed focus on the need for spending cuts. Some in Washington would shield the Pentagon’s budget from scrutiny, but several newly elected members of Congress who have put deficit reduction at the top of their agenda have said that military spending cuts must be on the table. The costs associated with being the world’s policeman, they say, are simply too high. The United States must seek ways to shift the burdens of defense to other countries who have enjoyed the free ride at American taxpayers’ expense for too long. Who will prevail? In what ways will fiscal constraints force Washington to reconsider the purpose of American military power? Will Washington rein in its ambitions as defense spending comes down, or will our troops be forced to bear additional burdens? Please join us for a discussion of these issues.
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
In the new issue of Cato Policy Report, Cato President and CEO John A. Allison argues that the Federal Reserve is increasing the long-term risk in our financial system through both its monetary and regulatory policies. Also in this issue, James D. Gwartney looks at the incomplete “public choice revolution,” and explains how mainstream economics is leaving both current students and the general public with a misleading, false, and romantic view of government and the operation of the democratic political process.
May 17, 2013
May 17, 2013
Latest CommentaryThere’s evidence that the Justice Department’s seizure of Associated Press phone records is far from unprecedented.
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.