This discussion took place this morning at Brookings. Brookings described it as follows:
Latest in Michael O'Hanlon
As observers of the defense industry will know, recent developments, such as sequestration and contractor consolidation, have squeezed the American defense industry, resulting in the scraping of long-term research and development projects for short-term cost savings. While the effects of defense budget cuts and their impact on national security is often discussed, much more rarely talked about is how defense budgetary pressures will effect the overall strength of the American economy.
Last week, Brookings convened three policy experts, Michael Doran of the Hudson Institute, Brookings fellows Michael O’Hanlon and Jeremy Shapiro, as well as Senator Chris Murphy (D-CT) for the first ever Brookings Debate.