AnalysisEconomy / FinanceNorth America

Will a Trillion Dollars Per Year Buy America a Better Defense?


The Pentagon had a very merry Christmas but all the American taxpayers got was a lump of coal. The U.S. Congress passed an omnibus spending bill that awarded the Pentagon $45 billion more than originally requested – a record $816.7 billion dollars – out of $858 billion for the national defense establishment. The Veteran’s Administration, which is really just deferred defense spending, requested $301.4 billion, and the Intelligence Community budget request includes $26.6 billion for the Military Intelligence Program. There’s also probably something squirreled away at the Department of Homeland Security, but you get the picture. And don’t forget the…

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