Cutting military spending is hard but not impossible. Nearly every secretary of defense has canceled or truncated popular weapon systems, often in the face of opposition from senior military leaders ...

The Army has released its new Modernization Plan 2012, providing a comprehensive look at how its fiscal 2012 budget will support key priorities such as maintaining a flexible force and meeting ...

Introduction Have you ever seen a mobile? Not a mobile phone—but a hanging art sculpture? You might have had such a mobile in your room when you were little. These mobiles hang in the air and are ...

Past research on budgeting has ignored the existence of an equilibrating tendency in U.S. federal revenues and expenditures through time. Using time series error-correction models, show the existence ...