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

Future Retirement Success

Politics

What’s in the recently-passed National Defense Authorization Act?

by December 30, 2022
December 30, 2022

Washington, DC – The repeal of the military’s vaccine mandate put this year’s National Defense Authorization Act, or NDAA, in the spotlight. The repeal, however, is just one of the many provisions attached to the $847 billion bill that outlines military policy and spending priorities. The NDAA also sets aside an additional $10.6 billion for activities outside of its jurisdiction, bringing its topline to about $858 billion.  

President Joe Biden signed the measure into law on Friday, December 23; among other things, it authorized sending $800 million to the Ukraine Security Assistance Initiative and outlining $816.7 billion for the Department of Defense alone.  

The bill also wades into military policy itself, limiting the Biden administration’s own efforts to retire the powerful B83 gravity bomb until the military identifies ‘a suitable replacement,’ according to the Senate Committee on Armed Services. The B83 bomb is said to be 80 times more powerful than the bomb dropped on Hiroshima, and the administration announced intentions to replace it in 2022 due to rising maintenance costs and limits on its abilities.  But most Republican lawmakers oppose that effort.  The ranking Republican on the Strategic Forces Subcommittee, Colorado Congressman Doug Lamborn, says the bill ‘restores funding for the nuclear C launched cruise missile and prohibits retirement of the B-83 gravity bomb.  It replenishes American stocks of munitions that have been provided to Ukraine and have begun to be depleted.’

Additionally, the bill authorizes a 4.6 percent pay raise for service members and Department of Defense workforce, along with additional funding to account for inflation, which hit a 40-year high earlier this year.  

Overall, the NDAA adds up to billions of dollars more than President Biden had originally requested. California Congresswoman Nancy Pelosi – the outgoing Speaker of the House – acknowledged high price tag but claims the costliest NDAA in history is necessary. ‘There’s some reluctance about a higher defense bill, but our needs are greater,’ Pelosi said.  

Defense funding has passed without fail every year since 1961, usually with overwhelming bipartisan support, though this year 11 senators voted against the bill.  

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
NC Democratic Rep. Butterfield resigns early from Congress
next post
Here’s what Anthony Fauci’s wife actually does at NIH

You may also like

Biden classified document investigation: Secret Service ready to...

January 19, 2023

BOOM! “Here’s 150 Examples Of Democrats Denying Election...

October 18, 2022

Biden Docs: DOJ prosecutors weighing search of Biden’s...

January 22, 2023

MAGAfest Destiny? Trump flexes his muscles with repeated...

January 8, 2025

Biden’s Venezuela policy feeds Maduro strongman image, emboldens...

August 2, 2024

9/11 First Responder, Months From Her Retirement, Is...

September 30, 2022

Saudi Arabia contradicts Trump, vows no ties with...

February 5, 2025

House passes $60B Ukraine aid bill as GOP...

April 21, 2024

Speaker Johnson talks 2024 with Trump at Mar-a-Lago...

February 21, 2024

‘Squad’ Democrat Cori Bush slammed over civil rights...

December 4, 2023

    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

    • EDF buys EV charger firm pod point for just £10m – four years after £352m london float

      June 12, 2025
    • Public opinion turns against Trump-backed tax and spending bill, new survey finds

      June 12, 2025
    • Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines

      June 12, 2025
    • California Dem tells Hegseth he’s an ’embarrassment’ to the US, should ‘get the hell out’ of the DOD

      June 12, 2025
    • RFK Jr. picks eight for vaccine panel after firing all 17 members

      June 12, 2025
    • Poll: Musk’s favorability among Republicans drops 16 points after Trump feud

      June 12, 2025

    Categories

    • Business (8,200)
    • Investing (2,030)
    • Politics (15,614)
    • Stocks (3,142)
    • 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