The Biden administration’s defence-spending proposal is a muddle

Save time by listening to our audio articles as you multitaskThe administration’s numbers may not match its rhetoric. America’s defence budget accounts for a whopping 40% of global military expenditures. But the proposed additional spending of $17bn above the total of $796bn expected this year represents an increase of only 2%.

“This is going to be a real-terms cut in defence spending,” says Todd Harrison of the Centre for Strategic and International Studies, a think-tank in Washington,. He predicts that Congress, which can modify the president’s request, will add a hefty slice of extra spending—perhaps another $30bn—just as it did for the current year. “The politics on the defence budget have really changed substantially in the past two months.

What the nutjobs in Economist won’t tell you. 👇🏽 Read what your rival FT said on this. Economist is becoming more and more irrelevant these days. I have already written an obituary for you. Just waiting patiently for the end to come.

Nothing matches Biden's rhetoric.

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