Economics and Security: Resourcing National Priorities
NAVAL WAR COLL NEWPORT RI
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Workshop Focus The purpose of this workshop is to provide a collegial forum for a small and select group of national security professionals to evaluate and recommend economic and security choices for the future. Workshop Background The nation is in the ninth year of war since 911. The nation is struggling to recover from the great recession with unemployment at over 10 percent. The proposed Fiscal Year FY 2011 federal budget is 3.8 trillion with a deficit for this year of 1.6 trillion, about 11 percent of gross domestic product GDP. While the intent is to reduce deficits over time, on the current course deficits never fall below 3.6 percent and begin turning up again, reaching 4.2 percent by 2020. The national debt climbs from 63.6 percent of GDP in 2010 to 77.2 percent of GDP in 2020. The challenge is to set a path that furthers economic recovery in the short term and sets the stage for sustainable economic growth in the future. The 2010 Quadrennial Defense Review examines Department of Defense strategies and priorities and rebalances strategies, capabilities, and forces. The proposed FY 2011 defense budget is 549 billion, with an additional 159 billion for operations primarily in Afghanistan and Iraq. Even given these resource levels, the Department of Defense faces significant strategic and force choices as it attempts to deal with todays conflicts and tomorrows threats. This workshop addresses economics and security the federal budget resourcing national priorities the Quadrennial Defense Review the defense budget and risks land and special operations forces air and maritime forces and strategic nuclear, space, and cyber forces. The primary focus is on economic and security choices for the future.
- Economics and Cost Analysis
- Military Forces and Organizations