In recent days, several senior Republicans have allowed that they would be willing to compromise on a pledge they made to oppose tax increases. At least one of those lawmakers, Senator Lindsey Graham, has said that he would negotiate on “revenue generation” because he is unwilling to let sequester budget cuts “destroy the United States military.” But Cato scholars have long argued that the proposed cuts in military spending would allow the United States to maintain a substantial margin of military superiority, and would in fact pay dividends for the U.S. economy over the long run.

• “Budget Hawks or Military Hawks?,” Cato Video with Grover Norquist
• “The Bottom Line on Sequestration,” by Christopher Preble
• “The Pentagon Will Survive the Fiscal Cliff,” by Justin Logan