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Sep 26

A Bull or Bear Market? Army, Navy and Air Force CFOs Discuss Defense Spending

Location: The Heritage Foundation's Lehrman Auditorium

Current defense spending forecasts are pointing in the wrong direction.  2008 figures show the defense budget declin¬ing to just 3.2 percent of Gross Domestic Product by 2012.  Operations in Iraq, Afghanistan, and elsewhere around the world have strained the U.S. military's ability to field trained and ready forces, to support ongoing operations, and to modernize simultaneously.  Even with robust levels of economic growth, this level of funding is too small to meet the nation's defense needs, including robust research and development, procurement of new weapon platforms, replacement of worn equipment, and affording exploding manpower costs.  Join us as the Chief Financial Officers of the United States Army, Navy and Air Force discuss the current and future budget outlooks of each service.

More About the Speakers

Peter Kunkel
Principal Deputy Assistant Secretary of the Army
for Financial Management & Comptroller

The Honorable John G. Vonglis
Acting Assistant Secretary of the Air Force,
Financial Management and Comptroller

Rear Admiral Stanley D. Bozin, USN
Performing Duties in Lieu of the Assistant Secretary of the Navy, Financial Management and Comptroller

Hosted By

Mackenzie Eaglen Mackenzie Eaglen

Research Fellow for National Security Studies, Allison Center for Foreign Policy Studies Read More