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Allied Spending Probed For U.S. Budget Clues; Strategy Questioned -- Aol Defense
WASHINGTON: There are two anchors of conventional views on the U.S. DoD budget outlook. The first is that it is cyclical and headed down and will follow the same trajectory as defense budgets in the last four cycles since the late 1940s. The second anchor is that the U.S. can and should "pivot" its strategy towards Asia.
There are reasons to question both consensus views.
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My Comment: Having the U.S. government this much in debt is unprecedented in U.S. history. I do not see any positive benchmarks from the past to give us a heads-up on what future defense budgets may be .... at least Byron Callan tries in this post.