7:30 AM EST, January 25, 2013
Letter writer Steve Buff writes that military spending is bankrupting the country ("Military spending is bankrupting the country," Jan. 20). But according to the Congressional Budget Office, military spending doesn't appear to be the problem.
The CBO says that federal receipts for fiscal 2012 are $2.5 trillion but that federal outlays are $3.6 trillion. That's a $1.1 trillion deficit.
Of the $3.6 trillion being spent, 57 percent is for entitlements. Defense (of which military spending is but a part), is 19 percent of spending, or $684 billion.
So completely eliminating military spending, or even all defense spending, wouldn't even come close to balancing the budget. Military spending is not the problem.
J. Shawn Alcarese
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