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

Trump calls out Biden on 9/11 claim, other...

September 18, 2023

George Santos faces revived fraud case in Brazil...

January 3, 2023

Wisconsin will consult voting experts in rewriting poll...

February 3, 2023

DOUG SCHOEN: Trump’s Iran strategy could ignite long-awaited...

June 23, 2025

GOP rep files impeachment articles using Dem precedent...

May 11, 2024

Obama’s inner circle signals 44th president firmly behind...

July 25, 2024

Biden Admin Sends Out His First Two Year’s...

November 25, 2022

DHS tapped left-leaning firm for potential Mayorkas impeachment...

February 15, 2023

J6 Political Hostage And Marine Corp Veteran Blarton...

November 17, 2022

Over 158 million Americans voted in 2024 as...

July 7, 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

    • Breaking the Government’s Grip on Medical Debate

      August 28, 2025
    • John Barnes sets record straight on HMRC debts: “I’m paying what I owe”

      August 28, 2025
    • Jim Ratcliffe sells Belstaff to Castore as Ineos scales back lifestyle ventures

      August 28, 2025
    • UK, France, Germany trigger UN sanctions on Iran over ‘significant’ nuclear program defiance

      August 28, 2025
    • What did Obama know about the Trump–Russia probe? And when did he know it?

      August 28, 2025
    • Firestarter: the London consultancy helping scale-ups build braver B2B brands

      August 28, 2025

    Categories

    • Business (8,911)
    • Investing (2,247)
    • Politics (16,506)
    • Stocks (3,228)
    • 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