Oh, good. President Biden has already run up trillions in budget deficits, but he still wants more.
The White House is submitting its defense budget request to Congress, and it’s expected to request yet another record-breaking budget increase for the Pentagon.
Sources told Reuters this increase would “benefit the biggest U.S. defense contractors including Lockheed, Northrup Grumman Corp and General Dynamics Corp.”
Yes, because that’s exactly who needs taxpayer assistance right now!
— Reuters (@Reuters) February 16, 2022
On this issue, most Republicans are just as profligate as Biden & company. Former President Donald Trump, for his part, requested a $752 billion defense budget in his last year in office.
Now, national defense is one of the core, few legitimate functions of the federal government. Some level of taxation and expenditure on defending the US from foreign invasion is obviously required. Yet the numbers being discussed here are obscenely high—and go far beyond what is necessary.
According to the Peter G. Peterson Foundation, the US spends more on defense than the next 11 countries—combined!
So, this latest budget request from President Biden isn’t merely a matter of keeping up with inflation. It’s a continuation of a long, wasteful, bipartisan trend of burning up taxpayer money to fill the Pentagon’s slush fund and the pockets of military contractors.
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