Why do we continue, more so now than ever before, to exaggerate the military threats that we face? For it is undeniable that our massive national security complex has spawned its very own enemy-industrial complex. And the reason for this is simple: threat inflation makes good business sense. Just like sex, it sells.
That is certainly the takeaway from the recent news cycle, which has identified an increase in Chinese military spending at the People's Congress and a decline in U.S. military spending due to the "sequester." But what are the broader trends and implications of these shifts in military resource allocation?
Once the politically-generated 'fiscal cliff' stalled in January with modestly raised tax revenues while cutting unemployment benefits, the first sequestration budget cut kicked in on March 1st despite a White House list of potentially horrendous cuts to education, transit, health care, housing, etc.