Paying the Costs of Competition
Chris, Melanie, and Zack discuss a recent article by Rosella Cappella Zielinski and Samuel Gerstle in the Texas National Security Review. Zielinski and Gerstle explain why the United States should fund the defense budget with higher taxes, not more debt, while conceding that this will be a tough sell for a country trying to maintain the status quo, as opposed to rising powers like China that are trying to upset it. Are they right? Must taxes be raised in the United States to pay for competition with China? If so, can the Biden administration and Congress craft a message that will resonate…
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