Matthew Fay’s paper, When “More” is Meaningless: The Case Against a Four Percent of GDP Defense Spending Minimum is an in-depth analysis of the why spending four percent of GDP on defense isn’t just grossly too much, but counterproductive. Mathew Fay is a senior fellow at the National Taxpayers Union Foundation and a defense policy analyst at the Niskanen Center. He describes the progression of his paper best himself, saying:
This paper proceeds in three parts. In the first part I sketch the history of the Four Percent proposal, outlining its origins and the degree of support it has received from various Republican legislators and presidential candidates. The second part presents the arguments made in favor of Four Percent for Freedom. In the final section I present the case against spending at least four percent of GDP on defense by demonstrating the flawed fiscal, economic, and strategic foundations of the proposal.
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