[National Interest] Here's What You Need To Remember: With the federal deficit growing, the military is likely to see some lean years.
Is it worth sacrificing some F-35s and aircraft carriers to trim the federal budget deficit?
That’s one option on the table, according to the Congressional Budget Office. The CBO estimates that if current spending continues, the $779 trillion deficit in 2018 will double to $1.4 trillion by 2028, which means the share of GDP eaten up by debt is soaring from 3.8 percent today to 4.8 percent.
With numbers like that, hundred-million-dollar warplanes and $13 billion aircraft carriers become tempting targets for the budgeteer. |