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The Underfunded Pentagon

Author: Martin S. Feldstein, President Emeritus, National Bureau of Economic Research
March/April 2007
Foreign Affairs

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The defense budget of the United States, the world's leading military power throughout the twentieth century, is not enough for the country to confront the threats of the twenty-first. It should be increased -- and can be without negatively affecting the economy. The money is available; it must be joined by political will.

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