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      military spending

      A Lockheed Martin F-35B Lightning II joint strike fighter

      Here's an Idea for Congress: Stop Funding War and Start Funding Peace

      U.S. lawmakers must learn to say “no thanks” to more Pentagon money than requested and use those funds to help save hundreds of thousands of lives in America lost every year to domestic problems.

      Ralph Nader
      Jun 04, 2023

      The Military Budget, which devours over half of the entire federal government’s operational expenditures, has been exempted by President Joe Biden and the Congressional Republicans from any reductions in the debt limit deal just reached. Also exempted are hundreds of billions of dollars in yearly diverse corporate subsidies to big business freeloaders.

      Most of the cuts will slash the domestic programs that protect the health, safety, and economic well-being of the American people. Cuts will also be made to the starved IRS budget, further weakening its capacity to pursue super-rich tax cheats and giant corporate tax escapees. The GOP insisted on continuing its aiding and abetting of grand-scale tax evasion that fuels bigger deficits.

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      Opinion
      military-industrial complex
      Speaker McCarthy speaks to reporters.

      It’s Clear as Day the GOP Does Not Really Care About Debt or the Deficit

      Republican tax cuts for the rich have been the single largest driver of the federal deficit over the last two decades, followed by bipartisan military spending.

      Peter Certo
      May 25, 2023

      The news sure makes it sound like President Joe Biden and Republicans have been haggling over the national debt. But that’s not what’s really happening—not at all.

      Biden wants to spend more money and run up the deficit, the story goes. Republican House Speaker Kevin McCarthy (R-Calif.) wants to rein the Democrats’ “addiction to spending” and reduce the debt.

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      Opinion
      debt ceiling
      US unmanned drone

      Wall Street Journal Should Not Cry for Military Contractors in Debt Ceiling Fight

      It’s beyond absurd to hand-wring about the area of the discretionary budget that appears least likely to face cuts—and, by any reasonable account, the most able to survive them.

      Conor Smyth
      May 25, 2023

      The Wall Street Journal is very concerned about the effects of the debt limit fight… on military contractors. In an article (5/12/23) headlined “Debt-Ceiling Fight Weighs on Defense Industry,” the paper reported, “If the U.S. defaults on its debt and is unable to pay all its bills this summer, the pain will fall squarely on the defense industry.”

      A default could disrupt payments to military contractors, the Journal pointed out, and even a temporary suspension of the debt ceiling for several months “would raise the likelihood the Defense Department will have to make do with a temporary budget known as a continuing resolution.” This would likely “inflate the costs of military programs, delay the launch of new ones, and prevent production increases.” In short, weapons producers might feel a momentary pinch after years of war profits.

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      Opinion
      debt ceiling
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