This show does a good job describing the issues facing DoD and the need to reform.
The commentators all seem to agree that something must be done. It seems Stein's Law may be back in vogue.
Is there anything that these think tank members missed in the course of their discussion?
On Monday, April 8th, the Center for Strategic and International Studies is hosting a discussion regarding the projected 10.7% increase in Chinese defense spending for 2013.
The Air Force Times is reporting that the Pentagon has reduced the number of furlough days from 22 to 14. According to the article, some services may have been able to eliminate furloughs completely:
While some of the military services initially considered eliminating the furloughs altogether, senior leaders argued that since not all the services could do that, it would be better to treat all civilians across the defense department equally.
One of the central topics in economics is the tradeoff between equity and efficiency.
How do you see this tradeoff affecting the Pentagon? Also, I wonder which service held out against complete elimination.
The Congressional Budget Office (CBO) has posted a report on March 18 that outlines four options for reducing defense spending:
Which option do you agree with and why? Which of these options is most politically expedient? Which will result in the best long-term outcome? Who are the winners and losers for each option?