There is a lot of talk lately about the federal budget, with Democrats and Republicans arguing over whether to raise the debt ceiling and allow the government to borrow enough money to fund already approved agency budgets and programs. But you know what they never argue about—financing the military.
Showing the love
In December 2022, President Joe Biden signed into law the National Defense Authorization Act, approving “national defense” spending of $858 billion for fiscal year 2023. The act covers Pentagon spending as well as work on nuclear warheads at the Department of Energy. That total represents a 4.3 percent increase over the previous year’s authorization, the second biggest increase in inflation-adjusted terms since World War II. If spending on other military-security related programs were added, such as homeland security, veterans’ care, and Ukraine related military aid, the total would exceed $1.4 trillion.
The National Defense Authorization Act was overwhelmingly approved by both houses of Congress. The House of Representatives passed it 350 to 80. The Senate 83 to 11. In fact, Congress actually voted to give the military $45 billion more than what Biden and the Pentagon had originally requested. Now, that is showing the love!
In March, the military proposed a national defense budget for fiscal year 2024 of $886 billion. We shall see how much that figure will grow once Congress takes it up.
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