The Economics of Federal Defense Policy

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Policies under Clinton Administration, roughly 8 pages , ok really, nice job!

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The Economics of Federal Defense Policy - Political Science


Three out of four Americans polled in the 1992 election year believed that the United States was heading in the wrong direction. With such an overwhelming consensus, the country hired a new president to attempt to fix the vital issues at hand. Although both Republicans and Democrats believed that the United States was still the 'sole superpower', the people of the United States saw that their quality of life was deteriorating. In fact, the signs of economic, social, and political decay were undeniable.

For example, the wages of production workers in America have declined twenty percent in the last twenty years due to large corporations shifting their operations overseas. Over thirty-seven million Americans are without health insurance due to its exploding costs. There are about sixty million people below the poverty line; fourteen million of which are children.

Our crime rate is at an all-time high as well as the population in our prison system. The United States has nineteen preceding nations that have lower infant mortality rates. Among the twenty most developed countries in the world, the United States has the highest divorce rate and the highest teen pregnancy rate. The most incredulous fact of all is that the Pentagon continues to absorb twenty percent of the federal budget-over a third of which is spent protecting Europe against an enemy that no longer exists.

In fact, that is the most probable source of America's problems: the budget. Forty-seven percent of the national federal budget is spent for a military expense. The National Defense, the topic of this paper, is what is stealing money from the poor in our own country and lessening our status...