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The Nation's First Trillion-Dollar Defense Budget Looms
Link: https://www.pogo.org/analysis/2022/11/the-bunker-the-trillion-dollar-pentagon
It’s not here yet, by most accounting, but we’re within spitting distance of spending $1 trillion annually on the U.S. military. This might actually be a good thing, if more spending made us safer. But it doesn’t. It only makes us feel safer, which is a devil’s bargain. | The Senate version of the 2023 defense authorization act earmarks $857 billion (PDF) for national defense. The slackers in the House only want $850 billion (PDF), which may be why it’s known as the “lower house.” Both bills are well beyond President Biden’s $813 billion request. Differences between the two versions will be ironed out in the coming weeks, but the bottom line is that the Pentagon is bound to break the trillion-dollar barrier relatively soon. ● Estimates of when U.S. defense spending will top $1 trillion range from next year to 2027 to 2030 depending on gobs of variables. Toss in elements like homeland security and the Pentagon’s share of interest paid on the national debt — as Mandy Smithberger, the former director of the Center for Defense Information here at the Project On Government Oversight has done — and a case can be made that the nation crossed that $1 trillion threshold five years ago.
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