Image credit: Mlucas / iStock
February 13, 2018
The new defense budget: what you need to know
The budget agreement finally reached by Congress last Friday provides around $700 billion for national defense in fiscal years 2018 and 2019, an allocation in line with President Trump's 2019 budget request, released by the OMB this morning.
Here's what you need to know about that spending:
- The defense budget is big, about the same size as the entire Swiss economy. It consumes over half of discretionary spending, though only about 16 percent of the total budget (including Social Security, Medicare and other programs). But the expenditure is not unreasonable: Not only is the U.S. military the finest fighting force in the world, with over 2 million men and women on active duty or in the National Guard or Reserves, it also has components that are basically a health care company, a global supply chain outfit, and a sizable retail operation.
Read the full article in Axios.
More from CNAS
The Surprising Success of U.S. Military Aid to Ukraine
Ukraine’s military has defied expectations in its war with Russia, and many analysts attribute its success to U.S. help. But the mere fact of receiving aid is no guarantee of ...
By Rachel Tecott & Polina Beliakova
Defense & Aerospace Air Power Podcast with Stacie Pettyjohn and Becca Wasser
On this week’s episode of the Defense & Aerospace Report Air Power podcast, co-hosts Vago Muradian and JJ Gertler review the air war in Ukraine one year into the conflict with...
By Stacie Pettyjohn & Becca Wasser
Avoiding the Brink
The United States is entering an unprecedented multipolar nuclear era that is far more complex and challenging than that of the Cold War. This report examines potential trigge...
By Stacie Pettyjohn & Hannah Dennis
DEFAERO Strategy Series with CNAS' Richard Fontaine
On this latest episode of the Defense & Aerospace Report Strategy Series, Richard Fontaine, the president and CEO of the Center for a New American Security, discusses key take...
By Richard Fontaine