I’ve seen several mentions of the record deficits in Pres. Obama’s budget being understated. Yes, they’re the highest ever, but they are very unlikely to remain at those levels - they’ll almost certainly go much higher. Here’s one example from Newsweek:
Defense—a.k.a. national security—has long been government’s first job. In Obama’s budget, defense spending drops from 20 percent of the total in 2008 to 14 percent in 2016, the smallest share since the 1930s. The decline, reflecting large savings from an Iraq troop drawdown, presumes a much safer world. If the world doesn’t cooperate, Obama’s deficits would grow.
Do you believe that the U.S. is likely to make it to the end of the 2016 budget year without another significant military commitment? I sure don’t. The article has several things to say which are very critical of Pres. Obama. You can read the entire article here.
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