Spepding, military budget, the cost of reform and personnel pensions. The discussion with fiscal policy and military strategy researchers was hosted by the brookings institute. It is about an hour and 20 minutes. Good morning. Im director of fiscal Monetary Policy here at brookings. I want to welcome everyone to the event today. How much money for defense is enough . This event began with a call i got from someone i respect who said to me simply, how do we decide how much money the u. S. Should spend on defense . I know a little bit about the federal budget but im more comfortable talking about Social Security, low income home energy, the state and local tax itductions than the Defense Budget. So i called my colleague and he said i just finished a 20,000 word answer to the question. So here we are. You can read all 20,000 words on the website. But he promised he will not try to read all of them today. I want to start with a yegz i cant answer, how much does the u. S. Spend on defense.
Good morning. I am the director here in brookings but i want to welcome everybody to the event today. How much money for defense is enough . This event began with a call i got from someone i respect he said to me, simply, how do we decide how much money the u. S. Should spend on defense . I know a bit about the federal budget, but i have to confess, im a lot more comfortable talking about things like Social Security, low Income Home Energy assistance programs, the state and local Tax Deduction and about the Defense Budget. So i called michael hamlin, my colleague here, and i put the question to him. How much of the u. S. Spent on defense. Mike said, funny last, i just finished a 20,000 word answer to that question. So here we are. You could read it on her website, but he promised me he wont try to read them all today. I want to start today with a question i can answer. How much the u. S. Spent on defense. The short answer is, we spend a lot on defense. There are lots of ways to measure
I want to welcome everybody to the events today. How much money for the defense is enough . This began with a call i got from someone i respect who said toyo me simply how do we decide how much money the u. S. Should spend. I have to confess im more i ame comfortable talking about things like Social Security, the opportunity and about the defensee budget. I called my colleague here at brookings and i put the question to him how much should the u. S. Spend on defense and he said funny you asked i just finished an answer to that question so here we are and you can read all 20,000 words on the website but he wont try to read them all today. I want to start with the question i cant answer how much did the u. S. Spend, so can we get the first slide. The short answer is we spend a lot on defense. Theres lots of ways to measure but letsd start with a few basics. This is a pie chart that shows how we spent the federal budget in the last fiscal year about 900 million on defense roughly one out
I want to welcome everybody to the events today. How much money for the defense is enough . This began with a call i got from someone i respect who said toyo me simply how do we decide how much money the u. S. Should spend. I have to confess im more i ame comfortable talking about things like Social Security, the opportunity and about the defensee budget. I called my colleague here at brookings and i put the question to him how much should the u. S. Spend on defense and he said funny you asked i just finished an answer to that question so here we are and you can read all 20,000 words on the website but he wont try to read them all today. I want to start with the question i cant answer how much did the u. S. Spend, so can we get the first slide. The short answer is we spend a lot on defense. Theres lots of ways to measure but letsd start with a few basics. This is a pie chart that shows how we spent the federal budget in the last fiscal year about 900 million on defense roughly one out
I want to welcome everybody to the events today. How much money for the defense is enough . This began with a call i got from someone i respect who said toyo me simply how do we decide how much money the u. S. Should spend. I have to confess im more i ame comfortable talking about things like Social Security, the opportunity and about the defensee budget. I called my colleague here at brookings and i put the question to him how much should the u. S. Spend on defense and he said funny you asked i just finished an answer to that question so here we are and you can read all 20,000 words on the website but he wont try to read them all today. I want to start with the question i cant answer how much did the u. S. Spend, so can we get the first slide. The short answer is we spend a lot on defense. Theres lots of ways to measure but letsd start with a few basics. This is a pie chart that shows how we spent the federal budget in the last fiscal year about 900 million on defense roughly one out