Years of Funding Challenges Result in ‘Shrinking Military’ as Global Threats Increase
The Pentagon’s budget request for next year is the largest in U.S. history. High inflation rates could make such an impact, however, that experts predict an overall drop in defense spending. The end result: a shrinking military.
“If the budget isn’t keeping pace with inflation, if it’s not keeping pace with the demand for real-world assets, and real-world potential combat scenarios, we’re always going to be behind,” said Dakota Wood, a senior research fellow for defense programs at The Heritage Foundation.
President Biden’s overall budget proposal includes $813 billion in national defense spending, up $31 billion from the previous year. It was put together, though, before Russia invaded Ukraine, and with an assumption that inflation would drop to around 2.5 percent. That’s considered unlikely with inflation still exceeding eight percent.
Read the full story from CBN’s Caitlin Burke:
https://www1.cbn.com/cbnnews/national-security/2022/may/years-of-funding-challenges-result-in-shrinking-military-as-global-threats-increase
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