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The International Monetary Fund wants nations to cut deficits and the United States has become a prime offender in deficit spending. The U.S. needs to slash roughly $1.4 trillion annually, either by reducing government spending or raising taxes.
An excellent way to begin to get our fiscal house in order is to cut the military budget, which now accounts for over one-half of the discretionary budget. The U.S. spends about the same amount on the military as every other country in the world combined.
Here's how we can start to balance our books: get rid of the 865 or even more foreign military bases we operate (annual cost saving to taxpayers: $250 billion); eliminate outrageously expensive and unnecessary Cold War weapons like the F-35 (total expected cost to taxpayers: $323 billion); and end costly wars that contribute nothing to our safety (over $1 trillion in direct costs and counting for Iraq and Afghanistan).
Do we really want to be the world's policeman when it is bankrupting us to do so?
