Posts Tagged ‘Defense Policy’

Despite a year of debate, there is still considerable uncertainty about the likely magnitude of future U.S. defense budget cuts. During the recent budget summit, Senate Armed Services Committee Chairman Sam Nunn, D-GA., was able to keep the reductions in the 4% range (after inflation) for 1991-93. But many observers feel he will not be…

Defense spending and, more important, the U.S. role in world affairs will be a big item on the agenda of the 102nd Congress, which convenes in January. The outcome is sure to have an important effect on business. Attention to defense spending is driven by two competing forces. On one side is a growing budget…