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National Security Implications of Long-Term Deficit Spending
 
Major General John Campbell, Commanding General of the 101st Airborne Division, discusses security issues with Richard Freidman, National Security Forum President as well as other board members at Chicago's Union League Club (Photo: Annie Chambers)  

 

NATIONAL SECURITY IMPLICATIONS OF LONG-TERM DEFICIT SPENDING

Mr. J. Arthur Hagler
Department of the Army Civilian

USAWC Class of 2010

The views expressed in the document are those of the author and do not necessarily reflect the official policy or position of the U.S. Army War College, the U.S. Department of the Army, the U.S. Department of Defense, or the U.S. Government.

 

SUMMARY

This AY-10 student research paper explores the impact of ongoing deficit spending in terms of future defense budgets, investor confidence and interest rates, the economic impact of competition for financing, implications for international influence and potential financial leverage of creditors, and our ethical responsibility to future generations.




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