How to reduce the budget


Response to the following question:

You are a member of congress and are tasked to reduce the defense budget by $450 billion dollars over the next ten years. Which cuts do you make? What are the possible impacts of your cuts on national security? What challenges might you face?

(Hint: any cut you make is going to make some people angry)

Reference: https://www.nytimes.com/interactive/2012/01/02/us/you-cut-the-defense-budget.html?mcubz=1

 

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Financial Econometrics: How to reduce the budget
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