How Much, and What Kind, of Military Spending?

Analysts from five Washington policy institutes^[1] have published a joint report asking (1) what should American defense strategy be? (2) what capabilities, investments, and force structure might that strategy require? and (3) what would such a military cost?  (The five institutes are not of the same views, with the Cato Institute’s Benjamin H. Friedman notable for advocating fiscal and strategic restraint.)

Here’s the report:

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[1] The Center for Strategic and Budgetary Assessments (CSBA), The American Enterprise Institute (AEI), The Cato Institute, The Center for a New American Security (CNAS), and The Center for Strategic and International Studies (CSIS).