The Skeptical Optimist says in "Rethinking the surplus:", "The chart below shows what caused my detour; for me, it was deja-vu, because it reminded me of one undeniable point: Our 1990's decision to reduce national security spending, i.e., our decision not to invest 'The Peace Dividend' in enhancing future peace prospects, was a huge factor in the creation of the falsely-revered surplus. (Falsely-revered because it made only a small dent in our ho-hum debt burden.)
Would the Pentagon, Foggy Bottom, and Langley have used a reinvested Peace Dividend to successfully counter the asymmetric threats which subsequently destroyed embassies in Kenya and Tanzania, killed seventeen servicemen on the USS Cole, or murdered thousands on 9-11-01? Maybe, maybe not; "
Interesting Curves. What surplus?
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