The Economics Of Federal Defense Policy

Part I of Essay
Three out of four Americans polled in the 1992 election year believed that the United States was heading in the wrong direction. With such an overwhelming consensus, the country hired a new president to attempt to fix the vital issues at hand. Although both Republicans and ....

Part II of Essay
.... most developed countries in the world, the United States has the highest divorce rate and the highest teen pregnancy rate. The most incredulous fact of all is that the Pentagon continues to absorb twenty percent of the federal budget-over a third of which is spent protecting Europe against an enemy that no longer exists. In fact, that is the most probable source of America's problems: the budget. Forty-seven percent of the national federal budget is spent for a military expense. The National Defense, the topic of this paper, is what is ste ....