Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Ukraine aid opened the floodgates for more Pentagon spending as US eyes Russia, China

by December 18, 2022
December 18, 2022
Ukraine aid opened the floodgates for more Pentagon spending as US eyes Russia, China

America’s aid campaign for Ukraine has opened the doors for a surge in domestic defense spending, both to refill stockpiles of weapons sent overseas and to bolster U.S. readiness against near-peer rivals.

President Biden requested $813 for the Pentagon for 2023, but Congress appears poised to pass an $858 billion budget plan. If passed, the money will go toward purchasing missiles for the Army, new weapons systems for the Navy and expanding ammunition plants, among other things, the New York Times reported Sunday.

The traditional measure of U.S. military readiness has been its capacity to supply and carry out two major conflicts in separate areas of the globe. White House national security adviser Jake Sullivan argued last week that U.S. support for Ukraine has revealed weaknesses in that readiness.

‘We went through six years of Stingers in 10 months,’ Raytheon CEO Greg Hayes told NYT. ‘So it will take us multiple years to restock and replenish.’

China’s recent aggression toward Taiwan has also contributed to calls for more spending. Aid to the self-governed island has already been delayed, thanks in large part to the flow of weapons to Ukraine.

The U.S. has sent nearly $20 billion in military aid to Ukraine since February, so much that President Biden’s administration is struggling to keep track of how the aid is being used. The volume of U.S. aid to the country has given rise to some skeptics within the Republican Party, who are calling for greater accountability.

Nevertheless, funding conflicts with near-peer rivals is far more expensive than the asymmetric warfare the U.S. military has largely engaged in this century.

The potential $858 billion budget would represent a 4.3% annual increase over the past two years, according to NYT.

And the U.S. isn’t the only one. Allies like Japan have also announced ramped-up military spending in the face of growing Chinese aggression. Sullivan congratulated Japanese Prime Minister Fumio Kishida on his administration’s new Defense Buildup Program on Friday.

‘Today, Japan has taken a bold and historic step to strengthen and defend the free and open Indo-Pacific,’ Sullivan wrote in a statement. ‘The new strategy reinforces Prime Minister Kishida’s deep commitment to international peace and nuclear nonproliferation and sets the stage for Japan’s leadership in 2023.’

Anders Hagstrom is a reporter with Fox News Digital covering national politics and major breaking news events. Send tips to Anders.Hagstrom@Fox.com, or on Twitter: @Hagstrom_Anders.

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Chip Roy says border will shift from Biden’s crisis to GOP’s if McConnell passes spending bill
next post
FBI facing subpoenas after Twitter Files, Rep. Mike Turner says

You may also like

Senate advances Trump’s energy secretary nominee to final...

January 31, 2025

Despite Apple Withholding MAGA Rapper’s Latest Album, Bryson...

November 30, 2022

IDF says troops fired ‘warning shots’ as mob...

March 1, 2024

Singer Cindy Lauper Celebrates Joe Biden Signing the...

December 14, 2022

Russia is supplying Houthis with satellite data to...

October 25, 2024

New whistleblower claims on first Trump assassination attempt...

September 16, 2024

History of voting locations, the reasons we vote...

November 7, 2023

House speaker battle: Profanities fly as Republican factions...

January 3, 2023

Florida Sheriff Grady Judd: “I Would Highly Suggest...

October 8, 2022

LEE ZELDIN: Why we’re shutting down Biden’s EPA...

April 1, 2025

Senate advances Trump’s energy secretary nominee to final...

January 31, 2025

Despite Apple Withholding MAGA Rapper’s Latest Album, Bryson...

November 30, 2022

IDF says troops fired ‘warning shots’ as mob...

March 1, 2024

Singer Cindy Lauper Celebrates Joe Biden Signing the...

December 14, 2022

Russia is supplying Houthis with satellite data to...

October 25, 2024

New whistleblower claims on first Trump assassination attempt...

September 16, 2024

History of voting locations, the reasons we vote...

November 7, 2023

House speaker battle: Profanities fly as Republican factions...

January 3, 2023

Florida Sheriff Grady Judd: “I Would Highly Suggest...

October 8, 2022

LEE ZELDIN: Why we’re shutting down Biden’s EPA...

April 1, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Civil rights group declares ‘state of emergency,’ pointing at Trump admin

      July 17, 2025
    • SCOOP: House fiscal hawks warily accept Senate’s $9B Trump spending cuts package

      July 17, 2025
    • Two Republicans vote against Trump’s $9 billion clawback of foreign aid, NPR funding

      July 17, 2025
    • What Startups Can Learn From Today’s Leading Online Entertainment Platforms

      July 17, 2025
    • RGTI Stock Surged 30% — Is This the Start of a Quantum Comeback?

      July 17, 2025
    • Three Bearish Candle Patterns Every Investor Should Know

      July 17, 2025

    Categories

    • Business (8,509)
    • Investing (2,127)
    • Politics (16,085)
    • Stocks (3,216)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved