| Blood and Treasure: The U.S. Debt and its Implications for National Defense and Security Contributor(s): Naval Postgraduate School (Author) |
|
 |
ISBN: 1511613432 ISBN-13: 9781511613439 Publisher: Createspace Independent Publishing Platform OUR PRICE: $12.30 Product Type: Paperback Published: April 2015 |
| Additional Information |
| BISAC Categories: - Political Science |
| Physical Information: 0.18" H x 8.5" W x 11.02" (0.50 lbs) 88 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Is the current budget and debt of the United States a concern to its national defense? Does debt held by foreign nations, particularly China, give them soft power over the United States? The current national deficit is more than $1.3 trillion dollars each year with the national public debt just over $16 trillion. Congress and the greater civilian population are calling for dramatic cuts to the Department of Defense in order to balance the budget-but the issue is more complicated. Accounting for only 3.7 percent of the FY2012 budget, reducing the DoD will reduce capabilities within the military but only reduce the deficit by a mere $50 billion a year-less than five percent of the overall deficit. |