With inflation soaring, Americans are starting to feel the pinch in everyday life. That could be even worse for members of the military, according to American Enterprise Institute budget experts John Ferrari and Elaine McCusker. In this new op-ed, they call for the Pentagon to avoid the usual games defense leaders play with inflation and give an honest accounting in the upcoming fiscal 2023 budget request. On March 10th, the US Government released the inflation numbers for February: a shocking 7.9% in the largely tracked Consumer Price Index (CPI). What is even more harrowing is that this is not the worst to come; with war raging in Europe, it is likely that the CPI will top 8% for March. Last year, the inflation anaconda was projected to squeeze Department of Defense readiness. At that time, many government leaders were wrongly referring to inflation as transitory, a term they have since ditched. In more recent comments, Mike McCord, the Comptroller for the Defense Department, has rig
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Eric Fanning, former Army secretary and current head of the Aerospace Industries Association, raises a red flag about a new tax law that could harm American R&D investment.
Thanks to the end of the Cold War, the focus on counter-terrorism in the Middle East, and an emphasis on concerns over China, "we simply do not have deep knowledge of Russia," writes Robbin Laird.