Biden's Unconscionable Military Budget

The Biden administration recently released its final budget proposal for fiscal year 2022. There are some good things in the budget. It rightly calls for major increases in domestic investment, especially for green infrastructure jobs and programs to support families, and funds them with taxes on co...

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Bibliographic Details
Published in:Foreign Policy in Focus 2021, p.1-1
Main Author: Koshgarian, Lindsay
Format: Report
Language:English
Subjects:
Armed forces
Budgets
Climate change
Companies
Defense contracts
Defense spending
Executives (Business)
Families & family life
Fiscal years
Human security
Military administration
Pandemics
Taxation
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Summary:The Biden administration recently released its final budget proposal for fiscal year 2022. There are some good things in the budget. It rightly calls for major increases in domestic investment, especially for green infrastructure jobs and programs to support families, and funds them with taxes on corporations and the wealthy. But at the same time, it not only preserves the massive Pentagon spending hikes of the Trump era, but expands them. Under Biden's plan, military spending would rise to $753 billion, up from the already staggering $740 billion from the last fiscal year. These continued increases for the Pentagon undermine our desperate need to prioritize human needs and real security over corporate greed. Around half of all military spending goes not to the troops or their families or to any critical safety need, but to military contracting corporations with millionaire CEOs.
ISSN:1524-1939