Martin S. Feldstein

President Emeritus, National Bureau of Economic Research

Publications

Foreign Affairs Article

The Underfunded Pentagon

Author: Martin S. Feldstein

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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