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Wednesday, May 6, 2020

Military spending

Now Is the Time to Cut the Defense Budget


A U.S. Air Force F-22 fighter jet
Secretary of Defense Mark Esper is worried that the COVID-19 crisis might waylay his plans to increase the military budget. No kidding. But the way Esper formulated the problem shows he isn’t remotely prepared to deal with it.
Esper said on Monday that “we need 3 to 5 percent annual real growth” in the defense budget. Since this year’s budget amounts to $740 billion, he’s talking about increasing it by $22 billion to $37 billion—for a total, next year, of up to $777 billion, or actually a bit more than that, since he called for that much “real growth,” meaning growth beyond the level of inflation.
Yet, Esper added, he is “concerned” that the government’s $3 trillion infusion into the economy, to keep the country and its people alive during the lockdown, “may throw us off that course.”

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