The new debt ceiling deal between President Barack Obama and congressional Republicans included one major Republican concession: deep cuts in defense. The first set of defense budget cuts will amount to $350 billion over 10 years, but the deal includes a triggering mechanism that may tack on another $500 billion or so in the same time period. After a decade of war and more than a decade of sustained defense budget growth, this would represent a major shift in how the United States spends money on its military. In one sense, the decision to cut the defense budget makes a […]
Column Archive
Free Newsletter
Although China did not launch its first aircraft carrier in time for yesterday’s People’s Liberation Army Day, expectations are that a Chinese flat-top will soon appear on the high seas. Chinese media have been hinting for years that the PLA Navy would not go forever without such an important naval asset, and the past few days have seen extensive coverage of the Varyag, which when it is launched will be the country’s first carrier ship. In 1998, the People’s Republic of China (PRC) purchased the Varyag, an uncompleted Soviet-era sloped-deck carrier, for $20 million. The Chinese buyer claimed it would […]
Despite the rush right now to declare important milestones or turning points in the fight against terrorism, the best handle we can get on the situation seems to be that al-Qaida is near dead, but its franchises have quite a bit of life in them. The implied situational uncertainty is to be expected following Osama Bin Laden’s assassination, as he was our familiar “handle” on the issue for more than a decade. But although it is normal that we now seek a new, widely accepted paradigm, it is also misguided: In global terms we are, for lack of a better […]