The CBO Estimate On Missile Defense: A Case of Flaws and Distortions
President Bill Clinton and other opponents of national missile defenses charge it will cost too much to defend Americans against missile attack. 1 As evidence Clinton points to a May 15 estimate by the Congressional Budget Office (CBO) that a missile defense system required by the Defend America Act of 1996 would cost as much as $60 billion.2 Both the President and the CBO are wrong. Defending America from nuclear attack will not cost as much as the CBO thinks. The U.S. could deploy a missile defense system for as little as $8 billion. The CBO estimate is wrong because it is based on a flawed ...
Source: heritage.org