As America starts thinking about where it might invest money saved by the winding down of wars in Afghanistan and Iraq, it should keep in mind two points: first, much of the savings today will probably be applied to reducing the mounting debt from nearly 10 years of war and the worst economic crisis since the Great Depression; and second, the so-called peace dividend of the recent past led to some dangerous reductions in programs needed to keep America safe.
The above excerpt was originally published in The New York Times.
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