{"id":16303,"date":"2020-05-12T16:58:05","date_gmt":"2020-05-12T20:58:05","guid":{"rendered":"https:\/\/lexingtoninstitute.org\/?p=16303"},"modified":"2020-05-13T09:24:39","modified_gmt":"2020-05-13T13:24:39","slug":"think-you-know-where-defense-spending-is-headed-after-coronavirus-guess-again","status":"publish","type":"post","link":"https:\/\/www.lexingtoninstitute.org\/think-you-know-where-defense-spending-is-headed-after-coronavirus-guess-again\/","title":{"rendered":"Think You Know Where Defense Spending Is Headed After Coronavirus? Guess Again. (From Forbes)"},"content":{"rendered":"<p>There&#8217;s a lot of speculation about where defense spending is headed in the aftermath of the worst pandemic in a century, most of it negative. But the truth of the matter is that we have no idea where military outlays will stand a few years from today. Strategic surprises like Sputnik or 9-11 happen every 5-6 years, often shifting the vector of defense. Election outcomes change political priorities. Fluctuations in interest rates can have a big impact on what the government is able to afford. Technological breakthroughs can suddenly create new dangers, or new opportunities. And then there&#8217;s the more immediate challenge that we don&#8217;t know how long the coronavirus crisis will last, or what its economic impact might be. This makes predicting future levels of military outlays a fool&#8217;s errand. I have written a commentary for Forbes <a href=\"https:\/\/www.forbes.com\/sites\/lorenthompson\/2020\/05\/12\/think-you-know-where-defense-spending-is-headed-after-coronavirus-guess-again\/#7131d4fd4a74\"><strong>here<\/strong>.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a lot of speculation about where defense spending is headed in the aftermath of the worst pandemic in a century, most of it negative. But the truth of the matter is that we have no idea where military outlays will stand a few years from today. Strategic surprises like Sputnik or 9-11 happen every [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Think You Know Where Defense Spending Is Headed After Coronavirus? Guess Again. (From Forbes) - Lexington Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lexingtoninstitute.org\/think-you-know-where-defense-spending-is-headed-after-coronavirus-guess-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Think You Know Where Defense Spending Is Headed After Coronavirus? Guess Again. (From Forbes) - Lexington Institute\" \/>\n<meta property=\"og:description\" content=\"There&#8217;s a lot of speculation about where defense spending is headed in the aftermath of the worst pandemic in a century, most of it negative. But the truth of the matter is that we have no idea where military outlays will stand a few years from today. Strategic surprises like Sputnik or 9-11 happen every [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lexingtoninstitute.org\/think-you-know-where-defense-spending-is-headed-after-coronavirus-guess-again\/\" \/>\n<meta property=\"og:site_name\" content=\"Lexington Institute\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-12T20:58:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-13T13:24:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lexingtoninstitute.org\/wp-content\/uploads\/2015\/02\/lex_share.png\" \/>\n\t<meta property=\"og:image:width\" content=\"200\" \/>\n\t<meta property=\"og:image:height\" content=\"200\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Loren B. 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