The wrong defense
The late 1980s was a turning point in global security: worldwide defense spending peaked, along with the number of men under arms and arms sales. During these last great years of the Cold War, the Pentagon spent an average of $4 billion annually on missile defense.
That level of spending continued throughout the 1990s, only to double in the Bush-Cheney administration. As leading missile expert Joseph Cirincione notes in the current issue of Foreign Policy, President Bush's current budget request would elevate missile defense spending to roughly $12 billion, "or nearly three times what the United States spent on antimissile systems during any year of the Cold War."
Read on at Scripps Howard.
Read on at KnoxNews.
Once again, I liked the headline I submitted better. It was: Missile threat: not worth the bet.
Update: KnoxNews ran my headline. It was Scripps Howard who changed it ;-)