Cutting the Defense Budget Won't Solve our Long-Term Deficit Problem

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Many liberals point to our large defense budget and suggest that we could solve our budget deficit problem by cutting the defense budget. Krugman shows that even large cuts in the defense budget will not compensate for the rising cost of healthcare spending. He believes that much of our spending on healthcare is wasteful and unjustified but he is consistent with his argument that the discretionary spending part of the budget is the wrong place to be looking for deficit reduction.