In the News

War in an Age of Deficits

As the nation moves forward with operations in Libya, questions of how these actions will affect our fiscal health will and should be unavoidable, write Lawrence Korb and Laura Conley.

For now, Defense Secretary Robert Gates has the money he needs to fund military operations in Libya from existing coffers. This is a short-term strategy that will sustain a relatively low-level of U.S. expenditures.

But if our intervention in Libya drags on, Gates will be forced to examine other options to support combat pay, munitions, fuel and the other costs of war.

With a raging federal budget deficit, an already astronomically high level of defense spending and five months of continuing resolutions to fund current year Pentagon costs, this will not be a simple task.

The above excerpt was originally published in CNNMoney. Click here to view the full article.

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