How To Save $1 Trillion In Defense Spending And Still Have A Strong Military

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Does the Navy need 50 attack submarines when the nation's main enemy hides in caves? Does the Army still need 80,000 troops in Europe 66 years after the defeat of Hitler?

A piece in TIME Magazine investigated U.S. defense spending. The U.S. spends about as much on its military as the rest of the world combined, and the U.S. is borrowing much of the money it spends from China, to pay for weapons, presumably, to use against it.

We speak with Time magazine national security correspondent Mark Thompson, who writes "The Chinese don't need to attack us with missiles, they just have to call in their loans."