Price Tag of President’s Military Buildup- An Extra $638 Billion
By Debbie Gregory.
President Trump’s ambitious plan to rebuild America’s overstretched military would cost $683 billion more than current spending plans over the next decade, according to a new analysis by the Congressional Budget Office.
The Congressional Budget Office is a federal agency within the legislative branch of the United States government that provides budget and economic information to Congress.
President Trump came into office pledging the largest defense spending spree since the administration of Ronald Reagan — assuring the troops that they would see “beautiful new planes and beautiful new equipment.”
More missile defense systems, an upgraded nuclear arsenal and hundreds of additional fighter aircraft were also on the president’s wish list.
The budget for President Trump’s goals for the military would be more than 20 percent larger than peak spending during the 1980s.
The buildup’s projected 10 percent manpower increase (an additional 237,000 troops), its addition of 20 percent more naval vessels, and its increased purchases of other new weapons, adds up to a 12 percent increase over the Obama administration’s plans for defense spending over the same period.
For the Air Force, rising costs result primarily from existing plans to replace aging weapon systems and increased purchases of the F- 35A to allow the Air Force field five additional fighter squadrons.
The projections were based on administration documents, congressional testimony and the 2018 budget request’s five-year plan. The administration is due to produce a 2019 budget request and its National Defense Strategy, which will likely add more clarity.
Defense Secretary Jim Mattis said in congressional testimony earlier this year the buildup would begin in 2019.
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