Partisan squabbling on U.S. spending priorities continued following the release of the White House's deficit-reduction commission report on December 1. Some Democratic lawmakers lamented proposed cuts to entitlements such as Medicare and Social Security and an increase in the retirement age from 67 to 69, while Republican lawmakers objected to suggested tax increases and cuts to military spending. Though the report is unlikely to garner political agreement on needed cuts, says SAIS foreign policy professor Michael Mandelbaum, it drives home the message that "everybody will have to take a hit." Mandelbaum, author of the book The Frugal Superpower: America's Global Leadership in a Cash-Strapped Era, says an inevitable result of deficit reductions for U.S. foreign policy will be fewer U.S. interventions abroad. Still, he stresses the need for continued military presence in Europe, East Asia, and the Middle East. U.S. presence in East Asia is especially vital to economic growth, says Mandelbaum, since U.S. naval forces protect international trade routes. He says the greatest threat likely to emerge from a reduced U.S. presence abroad is Iran, which could attempt to "control the supplies of oil on which the global economy depends."
Thursday, December 23, 2010
Michael Mandelbaum, U.S. Deficits, and a "Frugal Superpower"
Foreign Affairs recently interviewed Michael Mandelbaum. He was introduced this way:
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