During the 2020 presidential race, then candidate Joe Biden complained that U.S. President Donald Trump had “abandoned all fiscal discipline when it comes to defense spending.” Unsurprisingly, Biden’s first budget—announced in 2021—was a dramatic about-face in fiscal priorities. The proposal increased spending for virtually every federal department except the Pentagon. Congress, for its part, considered Biden’s proposal so deficient that it added an additional $29 billion for defense.
Read Full Article »
