U.S. Military Will Cost About $6 Trillion* Over Next Decade, Says CBO

The following excerpt is from an article that originally appeared on Hit and Run Reason

Glowimages Glow Images/NewscomAmerican taxpayers will send approximately $6 trillion to the Pentagon over the next decade, as military costs are projected to hit levels 20 percent higher than their Cold War peak, the Congressional Budget Office says in a new analysis.

That doesn’t include the cost of so-called “overseas contingency operations,” military slang for the billions of spent off-budget every year to fight the never-ending and open-ended War on Terror.

The current federal budget calls for $575 billion to fund the U.S. military, with another $65 billion in OCO costs. The Trump administration’s goals for the military—which included a $54 billion boost in Pentagon spending this year—will result in “steady increases” in annual base budgets for the next decade, with non-war-costs hitting $688 billion by 2027, according to the CBO.

Three policies will drive the military budget higher, the CBO analysis says. An increase in the number of military personnel,

Click here to Read this Entire Story on Hit and Run Reason

This post was originally published on this site
Comments are closed.