Biden is set to unveil a budget for the next fiscal year that includes a record $813.3 billion in funds for the U.S. military apparatus, a $31 billion increase from the current level.
, the White House is urging Congress to approve $145.9 billion for procurement, funding that will allow the military to purchase “61 F-35 jet fighters from Lockheed Martin Corp., fewer than previously planned, as well as … the B-21 bomber from Northrop Grumman Corp. and two Virginia-class submarines from General Dynamics Corp. and Huntington Ingalls Industries Corp.”
“The hawks in Washington want to jack up the military budget and use Ukraine as an excuse,” William Hartung, a senior research fellow at the Quincy Institute for Responsible Statecraft, argued in a recent interview on, noting that Biden’s new military budget request amounts to $100 billion more than was spent at the height of the Cold War, adjusted for inflation.
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