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Paying the Costs of Competition

Net Assessment

CHAPTER

The Race to the Bottom in Defense Financing

CNN's John Defterios and AEI's Zachary Smith say the U.S. can't afford to spend $1.6 trillion a year on defense. The administration is in a tough spot because of persistent inflation, they say. They're also concerned about our inability to recruit more people for military services. Writers: If you gave me $800 billion I could prevent Chinese Communist Party from gaining control of Taiwan.

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