by Tyler Durden
Friday, Apr 09, 2021 - 09:55 AM
Despite progressive lawmakers in his own party long demanding a serious reduction in the Pentagon's notoriously bloated budget, President Biden on Friday is expected to request
a whopping $715 billion for the Pentagon for fiscal year 2022.
This is a slight increase from the prior year as
Politico noted late Thursday in reporting the news: the Pentagon budget topline to be presented to lawmakers represents "a roughly 1.5% increase in defense spending from the current year's [$704 billion] level, making it
effectively an inflation-adjusted budget boost."
However, it's a slight decrease from what Trump had reportedly planned to propose for this next fiscal year, which was $722 billion.