Few of the experts we spoke to expect the administration to actually see the full $750 billion President Trump will reportedly propose this week. Between Trump himself calling the figure a “negotiating tactic” and the potential for it driving a $1.2 trillion deficit, the odds are awfully long.
By Paul McLearyThe White House surprised DoD with a last-minute $33 billion budget trim last week. But it’s far from certain that the cuts will outlive months of haggling between the Trump administration, the Pentagon and Congress.
By Paul McLearyWith the two-year budget relief ending in 2020, and a new Space Force to fund, the good times might not last long.
By Paul McLearyWASHINGTON: After Defense Secretary Jim Mattis took the extraordinary step today of appearing at the White House to praise the just-announced Senate budget deal, the first thought that came to mind was — can this pass the House? Mattis was asked if he knew whether the House Republican leadership was enthusiastic about Senate deal. He…
By Colin ClarkAfter heading off a government shutdown with a “clean” temporary spending bill on December 7th, lawmakers are scrambling to reach a consensus under a new Continuing Resolution that funds the government beyond December 22nd. If leaders cannot come to a final agreement on spending levels and other thorny policy issues for a government spending deal…
By Mackenzie EaglenCAPITOL HILL: President Trump’s nominee for the Pentagon’s top policy job appears to be in jeopardy after a bipartisan savaging by Senators John McCain and Elizabeth Warren this morning. At issue: Whether John Rood, who runs international sales at the world’s largest defense contractor, Lockheed Martin, would recuse himself from policy discussions affecting Lockheed’s arms…
By Sydney J. Freedberg Jr.UPDATED: Harrison says Senate Dems are key CAPITOL HILL: The House Armed Services Committee will propose $631.5 billion in funding for defense, HASC staff told reporters this afternoon. That is about 1.4 percent less than the $640 billion HASC chairman Mac Thornberry and his Senate counterpart John McCain campaigned for, but it’s also 4.7 percent above…
By Sydney J. Freedberg Jr.WASHINGTON: President Donald Trump is pledging “an historic increase in defense spending” of $54 billion to $603 billion for the fiscal 2018 budget, but neither Congressional Republicans nor defense budgets experts were very impressed at first glance. “Such a budget request would represent an increase of $18.5 billion above the level proposed by President Obama for fiscal…
By Colin ClarkWASHINGTON: Defense Secretary Jim Mattis has laid out a measured and cautious spending plan that puts near-term readiness needs first in his first budget guidance memo. The memo, out this morning, largely defers major equipment modernization until 2019 and limits increases in the size of the force to “the maximum responsible rate” (emphasis ours). So,…
By Sydney J. Freedberg Jr.WASHINGTON: After weeks of uncertainty and mounting evidence that only larger deficits were the path to a significant boost to the US military, President Trump has signaled the fiscal spigots will be opened in the interests of a larger and more capable US military. “I think it’s significant in signaling this is a priority among the…
By Colin ClarkWASHINGTON: “Trump is going to explode the debt,” GOP pundit Mackenzie Eaglen said. “What you’re going to see is a debt bomb.” While the new president wants to grow the military, rebuild infrastructure, and cut taxes, Eaglen said, his plan to fund all that that through steep domestic spending cuts “is complete fantasy” that will…
By Sydney J. Freedberg Jr.WASHINGTON: Hope for the best; prepare for the worst. It’s a standard military prescription for dealing with a sometimes hostile and usually unpredictable world. It’s also what an African-American chum told me this morning was his plan for life under President Trump. This guy is a fellow Chicagoan and Cubs fan, so he knows how to…
By Colin ClarkNo one has done a better job of predicting the final outcomes of deals on the defense budget since sequestration was made law than Mackenzie Eaglen of the American Enterprise Institute. So we asked her to predict what this election will mean to the 2018 defense budget. With the election tomorrow, we couldn’t think of a…
By Mackenzie Eaglen
Contrary to the president’s rhetoric, there is no forthcoming Trump buildup, and the new strategy emphasizing China and Russia is becoming ever more elusive and out of touch with fiscal reality. It is simply unaffordable at this point in time.
By Mackenzie Eaglen