Unlikely allies, Reps. Ron Paul of Texas and Barney Frank of Massachusetts, address the most obvious answer to America’s budget deficit: reducing military spending.
By far the single most important of these is our current initiative to include substantial reductions in the projected level of American military spending as part of future deficit reduction efforts. For decades, the subject of military expenditures has been glaringly absent from public debate. Yet the Pentagon budget for 2010 is $693 billion — more than all other discretionary spending programs combined. Even subtracting the cost of the wars in Iraq and Afghanistan, military spending still amounts to over 42% of total spending.
And that’s not the half of it. But really, the only way you can reign in the out-of-control American deficit is start wtih military spending.