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Posts Tagged ‘defense spending’

‘Back to the Future’ Foreign Policy

April 11th, 2014

by and

The 1980s are all the rage once again—from neon clothes to Robocop and the Teenage Mutant Ninja Turtles. Even America’s 1980s foreign policy is back in fashion amongst Neo-Cold Warriors longing to return to the Reagan era.

President Barack Obama quipped to Mitt Romney during the 2012 election that, “The 1980s called—they want their foreign policy back,” and he’s giving the military more money, even adjusted for inflation, than President Ronald Reagan ever did. But, the Neo-Cold Warriors still can’t abandon their Reagan nostalgia, especially after Russia’s invasion of Crimea, which has led some to ask “Was Mitt Romney right about Russia?”

Obama’s military outspends Russian President Vladimir Putin’s by more than seven to one. Yet, Rep. Paul Ryan, R-Wisc.,) rails against the president because, “For decades, defense spending made up roughly 50 percent of the federal budget. Today, it’s just 18 percent.” While ignoring the fact that defense spending hasn’t made up more than 50 percent of the federal budget since we put a man on the moon, Ryan is also concerned about the decline in defense spending as a percentage of GDP. Sen. Lindsey Graham, R-S.C., similarly bemoans the fact that America’s defense spending falls short of the 6% percent of GDP it was under Reagan, and The Wall Street Journal claims that by this metric Obama will leave his successor a “weaker” country than he inherited.

Whether or not you think the current level of spending is sufficient, defense spending as a share of GDP measures militarization of our society, but that does not necessarily mean strength.  Applying Reagan’s magic percentage today ignores changes in our economy, the threat environment and our capabilities.

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