Opinion: Why U.S. Defense Spending Has Reached Its Peak

A convergence of indicators suggests the recently passed defense appropriations act will mark a peak for U.S. defense spending. Even the Trump administration’s own outyear defense-spending projections grow at an annual rate of only 2%, which is just enough to keep pace with the White House’s...
Steven Grundman

Contributing columnist Steve Grundman is the principal of Grundman Advisory and a former deputy undersecretary of defense for industrial affairs.

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