How Much Is Enough? Reining in Runaway Pentagon Spending
The Biden administration’s proposal for Fiscal Year 2023 of $813 billion for national defense is far higher than the peaks of the Korean or Vietnam Wars, and is well over $100 billion more than at the height of the Cold War. And if hawks in Congress have their way, these staggering figures could be increased by an additional $50 to $100 billion.
Rather than being based on a carefully considered assessment of U.S. security interests, these enormous sums for the Pentagon are driven by a misguided defense strategy that seeks global military primacy; pork barrel politics and corporate influence over members of Congress with military factories or bases in their states or districts; and waste, fraud and abuse in the expenditure of defense dollars.
This Quincy Institute panel will analyze the factors behind overspending on the Pentagon and propose reforms that can make America and the world safer at a considerably lower cost. The discussion will feature Gordon Adams, Distinguished Non-Resident Fellow at the Quincy Institute; Shailly Gupta Barnes, Policy Director, Kairos Center and the Poor People’s Campaign; and Julia Gledhill, analyst at the Project on Government Oversight. QI’s William Hartung will moderate.