Navy leaders have been making herculean efforts since the end of the Cold War to ensure that the Navy is provided adequate resources to carry out its many challenging missions. Despite those efforts, they have had only limited success in gaining the level of funding needed to meet the service's requirements for executing the National Military Strategy. Like the other services, the Navy has suffered major budget reductions to pay a "peace dividend" that helped swing the federal budget from deficit to surplus while sustaining popular domestic programs.
The Challenge of Prolonged Peace
By Captain Joseph F. Bouchard, USN