Magazine December 20, 2010, Issue


Deficit commission co-chairmen Erskine Bowles and Alan Simpson (Alex Brandon/AP)
Cutting the Pentagon’s budget would be foolhardy

The year was 1981. A new Republican president, Ronald Reagan, faced a ballooning federal deficit and high unemployment. He had campaigned against his Democratic predecessor on a platform of tax cuts and peace through strength. When he sent a budget to Congress that included significant cuts to federal spending, Democrats responded with proposed cuts to defense, in the midst of the Cold War and uncertainty in the Middle East and Central Asia.

Earlier this year, facing economic and national-security challenges perhaps even greater than those of 30 years ago, President Obama created the National Commission on Fiscal Responsibility and Reform to

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The Week

The Week

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