CBO Sees Through US Navy’s Backloaded Shipbuilding Budgeting

• The latest review by the US Congressional Budget Office concludes like in past years that the US Navy’s shipbuilding plan is underfunded, especially in the out years. “CBO’s estimate of the cost of new-ship construction in the Navy’s 2015 shipbuilding plan is $66 billion, or 13 percent, higher over the next 30 years than the Navy’s estimate.”

• Loren Thompson from the Lexington Institute: Why The Navy’s Next ‘Boomer’ Is The Most Important Program In The Pentagon Budget.