mises.org / Tho Bishop / March 20, 2017
Last week was a tale of two cities.
In Washington President Trump followed through on his plans to escalate US military spending, proposing a budget that included $639 billion for the Pentagon — a $54 billion budget increase. Meanwhile, in Moscow, the Russian government has announced a 25% reduction in defense spending, the sharpest cut since the 1990’s. This brings Russia’s total military budget for the year to around $50 billion dollars, less than Trump’s proposed increase.
Not only does this demonstrate the absurdity of the beltway’s desire to portray Vladimir Putin as the world’s most dangerous man, but it further highlights the irrationality of the Pentagon’s budget.