How much money for defense is enough?

Wednesday, August 30, 2023, 10:30 – 11:45 a.m. EDT
Online: https://www.brookings.edu/events/how-much-money-for-defense-is-enough/ 

The U.S. spends about $900 billion a year on defense, which is about 15% of the federal budget, or roughly 3.3% of the gross domestic product. Given all of today’s national security challenges—Russia, China, cybersecurity, terrorism—is that enough, more than enough, or still not quite enough? Could the U.S. buy more security by spending the defense budget more efficiently? In an era of competing budget priorities and growing budget deficits, what should the Pentagon’s priorities be?

On Wednesday, August 30 the Hutchins Center on Fiscal and Monetary Policy and the Strobe Talbott Center for Security, Strategy, and Technology will address those questions. Michael O’Hanlon, a senior fellow, director of the Talbott Center, and a self-described “cheap hawk,” will outline his views on how the Pentagon can improve America’s defense capabilities without large increases in spending.

Following O’Hanlon’s presentation, he will join a panel with Mackenzie Eaglen of AEI and Travis Sharp of the Center for Strategic and Budgetary Assessments. David Wessel, director of the Hutchins Center, will moderate.

This is an in-person event, and will also be livestreamed. Questions may be submitted to events@brookings.edu or on Twitter using the hashtag #DefenseBudget.