In November 2010 Secretary of Defense Robert Gates complained that the military cuts outlined by the Bowles-Simpson Deficit Reduction Commission were exercises in “math, not strategy.” Since then, a number of high-profile studies have done the opposite: they have focused on revising the Pentagon’s roles and missions following the end of the war in Iraq and ongoing troop reductions in Afghanistan, and documented the savings that might result from a change in strategy. The authors of three recent studies will discuss and compare their major recommendations. Although these reports differ on the military’s core missions and the force structure those missions may require, they agree that change is needed. Wise strategists must recognize the new fiscal reality and decide to adapt before hard choices are forced upon them.
Featuring Senator Jeff Flake (R-AZ); and Bill Watson, Trade Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Featured PublicationWe are grateful to the Harry and Lynde Bradley Foundation and the Carthage Foundation whose support of the October 2012 Cato Conference “Europe’s Crisis and the Welfare State: Lessons for the United States” made possible this special issue of the Cato Journal.
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.