SMRs and AMRs

Monday, February 04, 2008

Proposed Military Spending Is Highest Since WWII

By THOM SHANKER
New York Times

WASHINGTON — As Congress and the public focus on more than $600 billion already approved in supplemental budgets to pay for the wars in Iraq and Afghanistan and for counterterrorism operations, the Bush administration has with little notice approached a landmark in military spending.

The Pentagon on Monday will unveil its proposed 2009 budget of $515.4 billion. If it is approved in full, annual military spending, when adjusted for inflation, will have reached its highest level since World War II.

That new Defense Department budget proposal, which is to pay for the standard operations of the Pentagon and the military but does not include supplemental spending on the war efforts or on nuclear weapons, is an increase in real terms of about 5 percent over this year.

Overall since coming to office, the administration has increased baseline military spending by 30 percent, a figure sure to be noted in coming budget battles as the American economy seems headed downward and government social spending is strained, especially by health-care costs.

(Continued here.)

0 Comments:

Post a Comment

<< Home