GOP Alarms About Government Spending Don't Include Huge Military Budgets
1 year, 7 months ago

GOP Alarms About Government Spending Don't Include Huge Military Budgets

Huff Post  

LOADING ERROR LOADING WASHINGTON ― House Speaker Kevin McCarthy rejected cutting spending on the military even as he portrayed the rising debt as an existential threat to the nation that needed to be urgently addressed in negotiations with President Joe Biden. Republicans have demanded significant spending cuts in exchange for lifting the federal government’s “debt ceiling,” a legal limit on how much the government can borrow to pay bills Congress has racked up over the years. This time around, Republicans are insisting on actually increasing spending for the military, veterans’ care, and border security, which means that any cuts to other parts of the budget like education, health care and safety net programs would have to be even deeper to meet the GOP demands of total budget savings. This year, the Biden administration is requesting $886 billion in defense spending, a 3% increase that would establish one of the largest peacetime military budgets ever.

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History of this topic

Senate passes defense bill that will raise troop pay
3 weeks, 1 day ago

Senate passes defense bill that will raise troop pay

Associated Press  

WASHINGTON — The Senate passed a defense bill Wednesday that authorizes significant pay raises for junior enlisted service members, aims to counter China’s growing power and boosts overall military spending to $895 billion while also stripping coverage of transgender medical treatments for children of military members. AP AUDIO: Senate passes defense bill that will raise troop pay and aims to …

US House okays $895 billion defence bill for military pay hike, Senate test next
4 weeks ago

US House okays $895 billion defence bill for military pay hike, Senate test next

India Today  

The House on Wednesday passed a $895 billion measure that authorises a 1% increase in defence spending this fiscal year and would give a double-digit pay raise to about half of the enlisted service members in the military. Lawmakers are touting the bill’s 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to …

Putin approves record defense spending — a third of Russia’s budget
1 month, 1 week ago

Putin approves record defense spending — a third of Russia’s budget

CNN  

CNN — Russian President Vladimir Putin has approved a record-breaking defense budget, setting aside a staggering third of the government’s total spending as the war in Ukraine drains resources from both sides nearly three years on. Scholz’s visit came after he rankled Ukrainian officials last month by calling Vladimir Putin, ending a years-long European effort to isolate the Russian president …

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion
6 months, 3 weeks ago

Congressional Budget Office raises this year’s federal budget deficit projection by $400 billion

Associated Press  

WASHINGTON — The Congressional Budget Office said Tuesday that it projects this year’s federal budget deficit to be $400 billion higher, a 27% increase compared to its original estimate released in February. White House spokeswoman Karine Jean-Pierre, said in a statement that the report “is further evidence of the need for Congress to pass President Biden’s Budget to reduce the …

At Nixon library, Robert F. Kennedy Jr. calls for cutting U.S. military budget in half
6 months, 3 weeks ago

At Nixon library, Robert F. Kennedy Jr. calls for cutting U.S. military budget in half

LA Times  

Independent presidential candidate Robert F. Kennedy Jr. lays out his foreign policy platform during a speech Wednesday night at the Richard Nixon Presidential Library and Museum in Yorba Linda. The independent presidential candidate said he would reverse the nation’s “decay” by cutting the U.S. military budget by half in his first three years in office — with additional reductions in …

Key Republican calls for ‘generational’ increase in defense spending to counter US adversaries
7 months, 1 week ago

Key Republican calls for ‘generational’ increase in defense spending to counter US adversaries

Associated Press  

WASHINGTON — The top-ranking Republican on a Senate committee that oversees the military is calling for a “generational investment” in America’s defense, saying aggressive and significant spending increases are necessary to deter coordinated threats from U.S. adversaries such as Russia, Iran and China. The House Armed Services Committee this month approved with near-unanimous support an $884 billion proposal for the …

War, fear of war spur global military spending to new record: SIPRI report
8 months, 2 weeks ago

War, fear of war spur global military spending to new record: SIPRI report

Al Jazeera  

New high of $2.4 trillion is the ninth straight annual increase, suggesting the trend will continue, research institute says. Last year, Russia increased military spending by 24 percent to 6.9 percent of its GDP and 16 percent of all government spending. Its 2024 budget plans an even bigger increase – 70 percent on defence and security spending – to $157bn, …

Lord Cameron calls on UK to boost defence budget in response to Russian threat
9 months ago

Lord Cameron calls on UK to boost defence budget in response to Russian threat

The Telegraph  

The UK must boost its defence budget in response to the threat posed by Russia, Lord Cameron has said. The Foreign Secretary said that although Britain had increased its budget in recent times faster than other Nato countries, he recognised “the need for more defence spending”. “But as the PM, the Defence Secretary and the Chancellor have all said, we …

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'
9 months, 4 weeks ago

Republicans rip Biden's 'reckless' $7.3 trillion budget that will 'accelerate America's decline': Top GOP members says plan is a 'another example of disregard for fiscal responsibility'

Daily Mail  

House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline.' House Republican leadership tore into President Biden's new budget plan for fiscal year 2025, deeming it a 'roadmap to accelerate America's decline' The White House plans to pay for its ambition agenda - which includes $3 billion for …

US Senate passes $460 billion spending bill to narrowly avoid government shutdown
10 months ago

US Senate passes $460 billion spending bill to narrowly avoid government shutdown

India TV News  

Washington: The US Senate on Friday narrowly avoided a partial government shutdown by approving spending legislation for several government agencies just hours before the current funding was due to expire. The $467.5 billion spending package was passed by a vote of 75-22 in the Senate and now requires final approval by US President Joe Biden. "To folks who worry that …

Big pay raise for troops in defense bill sent to Biden. Conservatives stymied on cultural issues
1 year ago

Big pay raise for troops in defense bill sent to Biden. Conservatives stymied on cultural issues

Associated Press  

WASHINGTON — The House passed a defense policy bill Thursday that authorizes the biggest pay raise for troops in more than two decades, overcoming objections from some conservatives concerned the measure did not do enough to restrict the Pentagon’s diversity initiatives, abortion travel policy and gender-affirming health care for transgender service members. “You almost feel like a parent who’s sent …

Senate passes defense policy bill with 5.2% pay raise for troops, the biggest boost in decades
1 year ago

Senate passes defense policy bill with 5.2% pay raise for troops, the biggest boost in decades

Associated Press  

WASHINGTON — The Senate passed a defense policy bill Wednesday that authorizes the biggest pay raise for troops in more than two decades, but also leaves behind many of the policy priorities that social conservatives were clamoring for, making for an unusually divisive debate over what is traditionally a strongly bipartisan effort. Senate Majority Leader Chuck Schumer, D-N.Y., said the …

Russian lawmakers approve a budget with a record amount devoted to defense spending
1 year, 1 month ago

Russian lawmakers approve a budget with a record amount devoted to defense spending

Associated Press  

LONDON — The lower house of Russia’s parliament, the State Duma, approved a federal budget Friday that increases spending by around 25% in 2024 and devotes a record amount to defense. The budget for 2024-2026 was developed specifically to fund the Russian military and to mitigate the impact of “17,500 sanctions” on Russia, State Duma Chairman Vyacheslav Volodin said. The …

Deal to raise debt ceiling passes US Senate, heads to Biden
1 year, 7 months ago

Deal to raise debt ceiling passes US Senate, heads to Biden

Al Jazeera  

The vote comes as the US hurtles towards a June 5 deadline to raise the government borrowing limit or face default. The United States Senate has voted to approve a bipartisan deal that would increase the country’s debt ceiling, clearing the bill’s last major hurdle before it reaches the desk of President Joe Biden. Still, Senators like Maine’s Susan Collins …

Democrats Are Fundraising From Arms Dealers Ahead Of A Pentagon Budget Fight
1 year, 8 months ago

Democrats Are Fundraising From Arms Dealers Ahead Of A Pentagon Budget Fight

Huff Post  

LOADING ERROR LOADING Top Democratic lawmakers are holding a big-ticket fundraiser with major weapons manufacturers on Thursday ― as Washington enters a budget battle in which concessions to the Pentagon and the defense industry could mean slashing welfare programs like food stamps. “If our leaders really want to strengthen democracy and build trust in government, they should stop selling access …

What’s in the GOP bill to lift debt limit, cut spending
1 year, 8 months ago

What’s in the GOP bill to lift debt limit, cut spending

Associated Press  

WASHINGTON — House Republicans are trying to exact a price from Democrats for agreeing to increase the nation’s borrowing authority and prevent the government from defaulting on the obligations it has accrued over decades. TARGET THE IRS House Republicans began their tenure in the majority by passing a bill that would rescind nearly $71 billion that Congress is providing the …

What’s in US House Speaker Kevin McCarthy’s debt-limit package?
1 year, 8 months ago

What’s in US House Speaker Kevin McCarthy’s debt-limit package?

Al Jazeera  

The Republican leader has introduced a proposal to slash government spending along with increasing the federal debt limit. United States House of Representatives Speaker Kevin McCarthy has unveiled a bill that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the federal debt limit. Here is a summary of what was released on Wednesday: Debt ceiling …

Biden budget aims to cut deficits nearly $3T over 10 years
1 year, 10 months ago

Biden budget aims to cut deficits nearly $3T over 10 years

Firstpost  

Washington: President Joe Biden’s upcoming budget proposal aims to cut deficits by nearly $3 trillion over the next decade, according to an administration official. The official familiar with Biden’s budget plan was not authorized to publicly discuss the matter before the president’s official announcement and spoke on condition of anonymity on Wednesday. The official said Biden also will propose cutting …

Biden says GOP plans would drive US debt up by $3 trillion
1 year, 10 months ago

Biden says GOP plans would drive US debt up by $3 trillion

Associated Press  

LANHAM, Maryland — President Joe Biden on Wednesday said Republican policies would blow up the national debt by $3 trillion over 10 years, taking direct aim at GOP lawmakers who say their priority is a balancing the federal budget. The president said his budget, which is set to be released March 9, would protect Social Security and Medicare from cuts, …

US House passes massive $1.7 trillion spending bill
2 years ago

US House passes massive $1.7 trillion spending bill

Al Jazeera  

The United States House of Representatives voted on Friday to pass a $1.7 trillion spending bill to avoid a partial government shutdown, scheduled to take effect at midnight in Washington DC. https://t.co/2RUI08VXbl — Kevin McCarthy December 23, 2022 “The bipartisan funding bill advances key priorities for our country and caps off a year of historic bipartisan progress for the American …

There Is No Good Reason for a Defense Budget This Large
2 years, 1 month ago

There Is No Good Reason for a Defense Budget This Large

Slate  

It is remarkable that both houses of Congress are about to pass a military spending bill totaling $847 billion—piling $45 billion on top of President Joe Biden’s already hefty budget request—and almost no major media outlets have so much as raised an eyebrow at the amount. But the fact that this will be $80 billion larger than last year’s defense …

Defense companies aren’t getting a boost from Russia’s war with Ukraine
2 years, 8 months ago

Defense companies aren’t getting a boost from Russia’s war with Ukraine

CNN  

New York CNN Business — When war breaks out, defense companies tend to make money. “Those investors expecting a quick boost in earnings at the defense contractors due to the war in the Ukraine will likely be sorely surprised,” wrote Bank of America. Production of Raytheon’s Stinger and Javelin missiles, key weapons in the Ukrainian resistance to Russia, were stalled …

Biden’s defense budget is big. Democrats will vote to make it bigger
2 years, 9 months ago

Biden’s defense budget is big. Democrats will vote to make it bigger

LA Times  

Last week, President Biden sent Congress his proposed defense budget for the next fiscal year: an $813-billion wish list, almost $60 billion more than he requested a year ago — more military spending than any president, including Donald Trump, has requested since World War II. Biden’s defense budget spends more on nuclear weapons, space technology, research and development and makes …

Highlights of Congress’ $1.5 trillion spending package
2 years, 9 months ago

Highlights of Congress’ $1.5 trillion spending package

Associated Press  

WASHINGTON — Congress is racing to pass a mammoth $1.5 trillion legislative package that would fund the government for the rest of the year and deliver badly needed humanitarian aid to Ukraine. Highlights from the more than 2,700-page legislation, which the House approved Wednesday night and the Senate was expected to pass in the days ahead: AIDING UKRAINE The legislation …

China to raise defense spending by 7.1% to $229 billion
2 years, 10 months ago

China to raise defense spending by 7.1% to $229 billion

Associated Press  

BEIJING — China on Saturday announced a 7.1% increase in defense spending in 2022 to $229 billion, continuing years of robust spending on its increasingly powerful military that is challenging the U.S. armed forces’ dominance in the Indo-Pacific region. During a meeting between Xi and Russian President Vladimir Putin in Beijing early last month, Xi endorsed Russia’s objections to further …

Biden signs $768.2 billion defense spending bill into law
3 years ago

Biden signs $768.2 billion defense spending bill into law

Associated Press  

WASHINGTON — President Joe Biden signed the National Defense Authorization Act into law, authorizing $768.2 billion in military spending, including a 2.7% pay raise for service members, for 2022. “The Act provides vital benefits and enhances access to justice for military personnel and their families, and includes critical authorities to support our country’s national defense,” Biden said Monday in a …

Biden signs enormous US military budget into law
3 years ago

Biden signs enormous US military budget into law

Al Jazeera  

President Joe Biden has signed into law a $777.7bn US annual military budget – his first in office – weeks after Congress overwhelmingly passed the bill amid protests from progressives and anti-war groups who had advocated for cutting military spending. Biden’s approval of the bill was expected; the White House had not voiced any reservations about the increased spending, which …

“Reckless misuse of resources": Congress passes $778 billion military budget
3 years ago

“Reckless misuse of resources": Congress passes $778 billion military budget

Salon  

This article originally appeared at Common Dreams. That reality led Stephen Miles, executive director of Win Without War, to slam the $778 billion National Defense Authorization Act as "a reckless misuse of resources, a windfall for war profiteers, and proof positive that most in Congress have little concern for the actual security of people in the United States or around …

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan
3 years, 3 months ago

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan

NPR  

Democrats Hope To Undo Many Trump Tax Cuts To Fund Biden's $3.5 Trillion Budget Plan Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images Democrats hope to unwind many of the tax cuts Republicans enacted under former President Donald Trump as a way to pay for the majority of the $3.5 trillion spending bill currently under consideration in …

Democrats Are Divided Over President Biden's $3.5 Trillion Spending Plan
3 years, 3 months ago

Democrats Are Divided Over President Biden's $3.5 Trillion Spending Plan

NPR  

Democrats Are Divided Over President Biden's $3.5 Trillion Spending Plan With the summer recess over, Capitol Hill lawmakers turn to the spending bill. At the top of that list is the $3.5 trillion spending bill, which is a big priority for the White House. Arizona Democratic Senator Kyrsten Sinema also wants a smaller bill, and there's a group of moderates …

Biden seeking additional funds for Ida relief and Afghans
3 years, 4 months ago

Biden seeking additional funds for Ida relief and Afghans

Associated Press  

The White House is asking Congress to approve an additional $24 billion in spending to handle the costs of Hurricane Ida and other natural disasters, as well as $6.4 billion for the resettlement of evacuees from Afghanistan to help with transportation, government processing and public health screenings. Shalanda Young, acting director of the Office of Management and Budget, in a …

Beware of budget gimmicks in push for massive spending deals
3 years, 5 months ago

Beware of budget gimmicks in push for massive spending deals

Associated Press  

WASHINGTON — Senators fashioning a pair of colossal bills that would deliver more than $4 trillion for infrastructure, health care, environment and other initiatives insist they will fully pay for both plans. ___ DUELING IRS NUMBERS The Congressional Budget Office, lawmakers’ nonpartisan accountant, estimated last year that Congress could collect $61 billion more in taxes over the next decade by …

Biden Budget Proposal Outlines Social Spending, Business Tax Hikes
3 years, 7 months ago

Biden Budget Proposal Outlines Social Spending, Business Tax Hikes

Huff Post  

WASHINGTON — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally out of control. With the government’s structural deficit remaining unchecked, Biden would …

Trump's presidential legacy, by the numbers
4 years ago

Trump's presidential legacy, by the numbers

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Presidential historians and others will plumb them as they assess President Donald Trump’s legacy …

Defense budget increase is lowest in 32 years
4 years, 7 months ago

Defense budget increase is lowest in 32 years

China Daily  

People's Liberation Army soldiers attend the opening ceremony of the joint training at a military training field in Cambodia's Kampot province, on March 15, 2020. The central government proposed an annual defense budget of about 1.27 trillion yuan, a 6.6 percent rise on the last budget, according to the draft to be deliberated on at the third session of the …

Creating a national insecurity state: spending more, seeing less
4 years, 10 months ago

Creating a national insecurity state: spending more, seeing less

Salon  

Hold on to your helmets! The Pentagon's "base" budget This year's Pentagon request includes $636.4 billion for what's called its "base" budget -- for the routine expenses of the Defense Department. Defense-Related Activities total: $9.7 billion Running tally: $753.5 billion The Intelligence Budget Not surprisingly, since it's often referred to as the "black budget," there is relatively little information publicly …

Trump’s military budget is enormous, misleading, and irresponsible.
55 years ago

Trump’s military budget is enormous, misleading, and irresponsible.

Slate  

President Donald Trump’s $740.5 billion military budget, which he submitted to Congress on Monday, is only a hair larger than the current year’s budget, but it is still the largest since World War II, and it’s even more notable for what it emphasizes: building more nuclear weapons, preparing for exotic flavors of warfare, and expanding America’s global military presence. Proof …

The Iraq War has cost the US nearly $2 trillion
4 years, 11 months ago

The Iraq War has cost the US nearly $2 trillion

Salon  

Editor's note: The Costs of Wars project was started in 2011 to assess the long-term consequences of the post-9/11 wars. Project co-director Neta C. Crawford, professor and chair of political science at Boston University, explains the major implications of the Iraq War for the federal budget. Even if the U.S. administration decided to leave — or was evicted from — …

China's defence budget increases 850 percent over 20 years
5 years, 1 month ago

China's defence budget increases 850 percent over 20 years

India TV News  

China's defense budget has grown 850 percent in the last 20 years from USD 20 billion to USD 170 billion in 2018, a top Pentagon official told lawmakers on Thursday. "China's official defense budget has grown 850 percent over the past 20 years from USD 20 billion to USD 170 billion in 2018," Rood said in his testimony before the …

Debt ceiling: Trump, congressional leaders clinch sweeping deal on budget
5 years, 5 months ago

Debt ceiling: Trump, congressional leaders clinch sweeping deal on budget

CNN  

Washington CNN — President Donald Trump and bipartisan congressional leaders clinched a sweeping two-year budget agreement that would produce hundreds of billions in new spending and take the threat of a fiscal crisis off of Washington’s plate for more than two years. “I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate …

Pentagon rolls out $718 bn budget for 2020
5 years, 9 months ago

Pentagon rolls out $718 bn budget for 2020

The Quint  

Washington, March 13 The US Department of Defence has rolled out its $718 billion budget request for the fiscal 2020, with a substantial hike in war funding aimed at circumventing a budget gap. The budget request will pay for a 3.1 per cent military pay raise, 78 F-35 joint strike fighters, the Columbia class ballistic missile submarine programme, one Ford …

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