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grarpamp grarpamp at gmail.com
Sun Mar 12 17:35:56 PDT 2023


Military Budget For 2024 To Close In On $1 Trillion Mark

https://news.antiwar.com/2023/03/09/biden-asks-for-massive-886-billion-military-budget-for-2024/

Authored by Dave DeCamp via AntiWar.com,

The White House is asking Congress for a whopping $886.4 billion
military budget for the fiscal year 2024, with $842 billion of it
going to the Pentagon. The rest would go toward other federal
agencies’ military spending, including the Energy Department’s nuclear
weapons program.

The 2024 National Defense Authorization Act will likely be much higher
than the White House request as Congress added tens of billions to the
previous two military budgets. For 2023, President Biden requested
$813 billion, but Congress added $45 billion, bringing the finalized
NDAA to $858 billion.
Image via CSIS

Congress could easily bring the 2024 NDAA to over $900 billion,
closing in on the $1 trillion mark. The NDAAs don’t include the funds
authorized for the Ukraine war, which could add another $100 billion
if the US keeps spending on the conflict at the same pace.

In a statement on the request, Secretary of Defense Lloyd Austin said
the funds were needed to confront China, which the Pentagon has
identified as its top priority.

"The President’s budget request provides the resources necessary to
address the pacing challenge from the People’s Republic of China,
address advanced and persistent threats, accelerate innovation and
modernization, and ensure operational resiliency amidst our changing
climate," Austin, a former Raytheon board member, said in a statement.

According to Responsible Statecraft, more than half of the budget will
likely go to defense contractors, with Lockheed Martin, General
Dynamics, Boeing, Northrop Grumman, and Raytheon getting the biggest
chunk.

    We may be looking at $1 trillion in defense spending for the first
time ever—this is madness.

    NEW @WilliamHartung in @RStatecraft on Biden’s whopping $886B
defense budget request https://t.co/Nu3FnXxFy8
pic.twitter.com/WpUaTirSno
    — Quincy Institute (@QuincyInst) March 9, 2023

The budget includes $170 billion for weapons procurement and $145
billion for the research and development of new arms. "We may be
looking at $1 trillion in defense spending for the first time
ever—this is madness," Responsible Statecraft writes.


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