Federal Budget Policy and Defense Strategy
Dr Dennis S Ippolito
Monograph by the US Army War College, Strategic Studies Institute
"Over the past three decades, the budgetary and economic significance of defense budgets has greatly diminished. Today, the Federal budget is dominated by mandatory spending programs, primarily entitlements, and these programs will absorb even larger shares of future budgets. Thus, strategic compromises that reduce defense budget requirements cannot have more than a marginal impact on deficit control. The damage to important, enduring military capabilities, however, could be extremely serious and, given the declining flexibility in spending policy, difficult to reverse. The purpose of this monograph, then, is to provide an accurate fiscal perspective for a critically important strategic policy debate."