The Economics Of Federal Defense Policy



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 Democrats believed that the United States
was still the "sole superpower", the people of the United States saw that their
quality of life was deteriorating. In fact, the signs of economic, social, and
political decay were undeniable.

For example, the wages of production workers in America have declined twenty
percent in the last twenty years due to large corporations shifting their
operations overseas. Over ...

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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 stealing
money from the poor in our own country and lessening our status as the "sole
superpower" of the world.

The National Defense was a program initiated from day one of the United States'
existence. It was a program designed to protect the people of the world, but
primarily the people of this nation. It was designed to protect human rights and
the ideals of democracy and capitalism. However, in lieu of recent events, the
use for such a program is now debatable. The world has changed significantly and
dramatically within the last five years. The threat of an evil empire such ...

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threat of the Cold War is extinct. For over forty years, the military budget
has been driven by the Soviet threat. Over half the budget was devoted to
defeating a sudden attack by the Warsaw Pact nations on Germany. Now, the ex-
Soviets want to join the North Atlantic Treaty Organization (NATO). In the words
of General Colin Powell," The Red Army is no more." (1) In fact, the economy in
the post-Soviet nations is so terrible that the soldiers are selling their
weapons for food. Malnutrition is incredibly prevalent. According to the CIA and
the Defense Intelligence Agency (DIA), if Russia was to be taken over by a
dictator, it would take ten years for them to reconstitute a military ...

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"The Economics Of Federal Defense Policy." Essayworld.com. May 28, 2006. Accessed April 19, 2021. http://www.essayworld.com/essays/The-Economics-Of-Federal-Defense-Policy/46671.
"The Economics Of Federal Defense Policy." Essayworld.com. May 28, 2006. Accessed April 19, 2021. http://www.essayworld.com/essays/The-Economics-Of-Federal-Defense-Policy/46671.
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PAPER DETAILS
Added: 5/28/2006 03:45:48 PM
Category: Economics
Type: Premium Paper
Words: 2555
Pages: 10

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