Showing posts with label US defense spending. Show all posts
Showing posts with label US defense spending. Show all posts

Saturday, July 29, 2017

William Hartung — The Trillion-Dollar National Security Budget

You wouldn’t know it, based on the endless cries for more money coming from the military, politicians, and the president, but these are the best of times for the Pentagon. Spending on the Department of Defense alone is already well in excess of half a trillion dollars a year and counting. Adjusted for inflation, that means it’s higher than at the height of President Ronald Reagan’s massive buildup of the 1980s and is now nearing the post-World War II funding peak. And yet that’s barely half the story. There are hundreds of billions of dollars in “defense” spending that aren’t even counted in the Pentagon budget.
Under the circumstances, laying all this out in grisly detail — and believe me, when you dive into the figures, they couldn’t be grislier — is the only way to offer a better sense of the true costs of our wars past, present, and future, and of the funding that is the lifeblood of the national security state. When you do that, you end up with no less than 10 categories of national security spending (only one of which is the Pentagon budget). So steel yourself for a tour of our nation’s trillion-dollar-plus “national security” budget. Given the Pentagon’s penchant for wasting money and our government’s record of engaging in dangerously misguided wars without end, it’s clear that a large portion of this massive investment of taxpayer dollars isn’t making anyone any safer.
LobeLog
The Trillion-Dollar National Security Budget
William Hartung | Director of the Arms and Security Project at the Center for International Policy

Wednesday, July 26, 2017

Sweeta Singh — U.S. defense companies lift forecasts amid growing security concerns

Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world....
Mission accomplished.

Reuters
U.S. defense companies lift forecasts amid growing security concerns
Sweeta Singh

Thursday, March 2, 2017

Reuters — Trump says wants defense buildup to project U.S. power abroad


President Donald Trump said on Thursday he wants a U.S. military buildup of more ships and planes to "project American power in distant lands," ....

Trump this week proposed a $54 billion increase over last year in defense spending, boosting the Pentagon budget to $603 billion, and said he wanted to launch the biggest military buildup in American history to make up for what he called a depleted armed forces.
US global hegemony alive and well under President Trump.

Reuters
Trump says wants defense buildup to project U.S. power abroad
Ayesha Rascoe