Wednesday, November 2, 2011

Reagan speaks on deficits, spending, and debt

Government spending and national defense are among the key topics whenever Ronald Reagan's legacy is discussed. Reagan is credited with rebuilding the military into a force capable of projecting America's presence anywhere in the world. He is also criticized for increasing the national debt even though federal revenues increased during his administration, which is an indictment of Congress' long-term lack of fiscal discipline.

Today's America can only
long for the late Ronald Reagan's leadership. Then again, perhaps he's still on the job. A portion of his legacy can help us appreciate our military prowess while simultaneously understanding our unimaginable indebtedness.

The Gipper would certainly be pleased with the USS Ronald Reagan (CVN-76), a state-of-the-art warship right down to the life rafts. The USS Reagan epitomizes the term "
supercarrier." With a 90-aircraft air wing, fire and forget missile defenses, and various radar, jamming, and countermeasure systems, the Reagan is adequately equipped to fulfill the former President's defensive strategies.

Since its commission in 2003 the Reagan has indeed impressed America's military might on all who see her. She's a crowning achievement in technology, maneuverability, speed, and reliability. For some Americans the Reagan represents the nation's commitment to excellence and innovation, and complements the former President's "peace through strength" ideology. But the USS Reagan stirs emotions on the other side of defense spending, too.

To Americans critical of military spending, the USS Reagan represents waste and a bully mentality. She is a $4.5 billion floating testament to misplaced national priorities. A progressive peace activist might argue that the USS Ronald Reagan is a budget-busting monument to America's military-industrial complex.

The Reagan is justified in Congress' constitutional duty to "provide and maintain a navy" (Art. I, Sect. 8). Even so, for the purpose of honest debate, a few points must be conceded to the Pentagon's detractors. Certainly there's waste in the defense budget, waste that can be trimmed without sacrificing needed upgrades, unit cohesion, or overall preparedness. Also, $4.5 billion is a pile of bucks no matter how you stack them, meaning the Reagan can illustrate our record budget deficits, federal spending, and national debt. But not in the way defense critics think.

What could each American household do with its share of the Reagan's $4.5 billion price tag? You might take the family out for pizza, but that's about all. Based on Census Bureau
statistics for 2003, the USS Reagan cost each American household only $40.43, meaning the ship's construction had little impact on Washington's chaotic finances. However, it can help us understand the vastness of federal spending.

Any attentive person knows the federal deficit has grown unchecked, reaching
$1.3 trillion in both 2010 and 2011. What isn't so obvious is that each $1.3 trillion in deficit spending would buy 288 aircraft carriers built to the same specs as the USS Reagan, with spare parts to boot. The federal government spent $3.6 trillion last year alone, a total that could build the Reagan 800 times. Based on the accumulated national debt -- currently $14.8 trillion and closing in on 100-percent of GDP -- we have borrowed enough money to provide the USS Ronald Reagan with 3,288 sister ships, again with spare parts leftover.

If many aircraft carriers are a good policy, are bigger aircraft carriers a better policy? Just how big would the USS Reagan be if its size were measured in federal spending? Dividing the ship's final construction cost by its overall length ($4.5 billion/1092 feet) shows that each foot of the Reagan cost the taxpayer $4.12 million. How much carrier can we then buy? Well, that depends on the chosen model.

The "Annual Red Ink" class, based on our $1.3 trillion deficit, could build a "supercarrier" measuring 315,533 feet from bow to stern. And that's the dove version. A more hawkish model, the "Yearly Expenditures" class (based on $3.6 trillion in annual spending), sails at an overall length of 873,876 feet. Now that's a "super-supercarrier." Not enough? Try the "National Debt" class, a genuine "super-duper-supercarrier," boasting a flight deck 3,592,233 feet long.

The USS Reagan's actual 1092-foot long flight deck is impressive. But the enormity of a carrier deck based on the aforementioned numbers is unimaginable. For ease of comprehension let's convert the feet into miles and apply the results geographically.

The "Annual Red Ink" class of aircraft carrier would be 59.75 miles long, approximately half the length of Long Island, NY. The "Yearly Expenditures" class, at 165 miles long, would stretch from Atlanta, GA to Montgomery, AL. Saving the best for last, a pilot on the "National Debt" class could travel from New York City to Myrtle Beach, SC and never leave the flight deck.

The point of this illustration isn't that America should've constructed 3,288 aircraft carriers. The point is to highlight the central government's disregard for its fiduciary duties. Washington spends a trillion dollars like the rest of us put change in a Coke machine. Slick-talking politicians can continue their lies, pretending to understand the fiscal mess they've created. But thanks to the USS Ronald Reagan and a 13-digit calculator, politicians can't continue bankrupting this country while believing the public is ignorant of the disservice they're committing.

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