Defense spending is likely to decline or at least flat-line in the coming years, regardless of who wins November’s presidential election. The pressures on the economy from the coronavirus pandemic and a growing budget deficit are just too great. If former Vice President Joe Biden defeats President Donald Trump, the Pentagon’s $700 billion budget may be cut a bit deeper. But the biggest difference between Trump’s and Biden’s future defense budgets, many said, won’t be the bottom line of total spending — it will be how those dollars would be allocated.
Defense One interviewed several current and former top-ranking political and military officials, and budget watchers to ask what they expect a Biden presidency would mean for defense spending and the global defense industry. The actual size and scope of any Pentagon cut, they say, may depend less on Biden and more on how other Democrats fare at the polls in congressional races. It also will depend on Biden’s policy advisors, their vision for a new national security strategy, and whatever awaits them over the horizon.
Read the full story and more in Defense One.