https://www.wsj.com/articles/biden-budget-defense-pentagon-china-russia-ukraine-ae4f9adf?mod=opinion_lead_pos3
The White House is touting President Biden’s U.S. military budget for fiscal 2024 as a record, and Mr. Biden is betting busy Americans won’t look past the headlines. The truth is that he’s asking for a real defense cut, even as the U.S. is waking up late to a world of new threats.
The Pentagon’s budget request may seem large at $842 billion. But the figure is only a 3.2% increase over last year, and with inflation at 6% it means a decline in buying power. Compare the 3.2% growth with the double-digit increases for domestic accounts: 19% for the Environmental Protection Agency; 13.6% for both the Education and Energy Departments; 11.5% for Health and Human Services.
For all the talk about a bloated Pentagon, defense in 2022 was only about 13% of the federal budget. It’s about 3% of GDP, down from 5% to 6% during the Cold War, even though America’s challenges today are arguably more numerous and acute.
China is building a world-class military to drive America out of the Pacific. Russia is committed to grinding down Ukraine and then moving its military to the Polish border; Iran may soon have a nuclear bomb; North Korea is lobbing missiles toward Japan. Hypersonics and missiles threaten the U.S. homeland.