Biden ignoring Pentagon, defense spending at pre-World War II levels

Defense spending has fallen off a cliff under President Joe Biden, shrinking as a percentage of gross domestic product to pre-World War II budgets and the short-lived “peace dividend” days during former President Bill Clinton’s administration.

According to a new budget analysis, the nation is spending just 3.6% of GDP — $866 billion — at a time when it is engaged in multiple military actions, notably in Ukraine, Israel, and the Red Sea, and bracing for a move by China on Taiwan.

“The fiscal year 2024 defense budget does raise spending as a share of GDP marginally, but to a level essentially tied for the lowest in the last 84 years with the ‘peace dividend’ during the Clinton administration. In fact, defense spending in 2024 will be a smaller share of GDP than it was before the Ukraine
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