Defense Spending Bump Unlikely to Continue in out Years, Analyst Says

Defense Spending Bump Unlikely to Continue in out Years, Analyst Says

With the latest budget deal adding $500 billion in new spending over two years and last year’s GOP tax bill expanding the nation’s debt by more than $1 trillion over a decade, DOD’s spending projections beyond fiscal 2019 likely will show little or no growth above inflation, says Mackenzie Eaglen, a resident fellow at the American Enterprise Institute. “Given the ‘debt bomb’ of spending in Washington the past several months, the next and final BCA mini-deal (for 2020 and 2021) will not be as kind to the Defense Department,” Eaglen tweeted, reported CQ. “Pentagon leaders should enjoy this budget apex while it lasts.” The spending caps imposed by the 2011 Budget Control Act run out after FY 2021.

 

Photo by Petty Officer 1st Class Kathryn Holm

Dan Cohen
Dan Cohen
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