As the U.S. decides who will be president for the next four years a review of procurement spending indicates that the Trump Administration has shown little difference in appropriations versus previous administrations, despite claims to have radically increased spending.
The upshot is that the last four years saw about $2.9 in spending appropriated in inflation-adjusted dollars, which was larger than Barak Obama’s second term, but less than the Obama Administration’s first term.
President Trump’s campaign speech claims of spending during his term relative to previous terms are incorrect. President Trump claimed this year that military spending in the 90s “used to be ‘million.’ And then, about 10 years ago, you started hearing ‘billion.’ And now you’re starting to hear ‘trillion,’ right?” Of course, U.S. defense spending hit the billions in the late 1940s, and recent spending has been on pace with spending from the decade previous.
The Trump Administration has done little to change the often-criticized Pentagon trend of investing more money in fewer pieces of equipment, such as fighter jets that cost a quarter billion dollars each when fully kitted out. The navy is running fewer ships that each cost more. Previous administrations did no better in reversing this trend, of course.
Democratic presidential candidate Joe Biden stated multiple times that he has no plans to reduce military spending, but indicated a desire to refocus military budgets and planning on “near-peer” powers Russia and China, while attempting to recover some of the goodwill of allies tested by the Trump Administration’s active skepticism in cooperation with allies, especially the NATO alliance.