Wicker plan to spend 5% of GDP on defense runs up against tough budget realities

Wicker plan to spend 5% of GDP on defense runs up against tough budget realities


Sen. Roger Wicker (R-MS), the top Republican on the Senate Armed Services Committee, is calling for the defense budget to grow to 5% of gross domestic product, a proposal that would require either steep cuts elsewhere in the federal budget or cause the debt to soar.

Defense spending is currently under 3% of the GDP. Defense hawks have long advocated an increase in that percentage, especially as the United States stares down China in the Indo-Pacific, Russia in Europe, and various threats emanating from the Middle East.

President Joe Biden submitted to Congress a fiscal 2025 budget request that included $849.8 billion for the Department of Defense last month, but Wicker’s plan would add roughly $55 billion in defense spending over the cap in fiscal

Trending: Nightmare Situation as Tesla Dies in Heatwave, Trapping Toddler Inside

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!