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NEWPORT, R.I. - The Naval War College hosted a workshop entitled “Economics and Security: Resourcing National Priorities,” with two days of panels concluding on May 21.
NEWPORT, R.I. (May 20, 2010) Dr. Richmond Lloyd, William B. Ruger Chair of National Security Economics, kicks off a workshop in the  Decision Support Center, entitled "Economics and Security: Resourcing National Priorities."  During the workshop, 34 participants will discuss the federal budget, the Quadrennial Defense Review, defense budget and risks, land and special operations forces, air and maritime forces, and strategic nuclear, space, and cyber forces.  The results of the workshop will be published in a monograph. (Photo by David Reese) 
The William B. Ruger Chair of National Security Economics, Dr. Richmond Lloyd, presented the workshop to provide a collegial forum for a small and select group of national security professionals to evaluate and recommend economic and security choices for the future. The workshop was made possible through the support of the Naval War College Foundation.
 
Panels addressed economics and security; federal budget: resourcing national priorities; quadrennial defense review; defense budget and risks; land and special operations forces; air and maritime forces; and strategic nuclear, space and cyber forces.
 

The participants considered that the nation is in the ninth year of war since 9/11. The nation is struggling to recover from the great recession with unemployment at over ten percent.  The proposed fiscal year 2011 federal budget is $3.8 trillion with a deficit for this year of $1.6 trillion, about 11 percent of GDP. While the intent is to reduce deficits over time, deficits never fall below 3.6 percent and begin turning up again, reaching 4.2 percent by 2020. The national debt climbs from 63.6 percent of GDP in 2010 to 77.2 percent of GDP in 2020. The challenge is to set a path which furthers economic recovery in the short term and sets the stage for sustainable economic growth in the future. The 2010 Quadrennial Defense Review examines Department of Defense strategies and priorities and rebalances strategies, capabilities and forces. The proposed fiscal year 2011 defense budget is $549 billion with an additional $159 billion for operations primarily in Afghanistan and Iraq. Even given these resource levels, the Department of Defense faces significant strategic and force choices as it attempts to deal with today’s conflicts and tomorrow’s threats.
 
The presentations and papers produced in support of the conference will be published in a monograph, scheduled to be available online in September at www.usnwc.edu/RugerPapers, where past Ruger workshop papers are also available.
 
From Naval War College Public Affairs