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Strategic dreaming.(LETTERS)
Washington Times, The, February, 2008
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Byline: THE WASHINGTON TIMES
"Strategy is all about matching limited resources to achieve... prioritized objectives" ("Defense spending," Letters, Tuesday)
They must be living in la-la land down at the Center for Arms Control and Non-Proliferation. Letter writer Travis Sharp just can't see measuring defense expenditures relative to gross domestic product (GDP) because the ratio changes. I guess he must have a problem with the price-earnings ratio for stocks. Does he want to include the past five years' earnings or estimate some future time series? And why ...
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