A group of US arms makers and aerospace firms is urging Congress for a 2023 military budget that exceeds inflation by 3-5% and to pass the bill before September 30.
The Aerospace Industries Association (AIA), a trade group for defense firms whose members include Boeing, Raytheon, Northrop Grumman, and General Dynamics, sent a letter to the leaders of the appropriations and armed services committees.
In the letter, the AIA called for Congress to pass to authorize the spending before the start of the next fiscal year, which begins on October 1 for the federal government. The group said this was necessary to signal “resolve in the face of Russian and Chinese aggression.”
President Biden has asked Congress for $813 billion for military spending for the 2023 fiscal year, which represents about a 4% increase from 2022 without taking inflation into account. Inflation is currently over 8%, so the increase the arms makers are looking for would be a massive one.
“Three to five percent growth above the inflation rate is the level of investment required to support America’s global force, maintain our competitive edge over adversaries, and catch up technologically in areas where we are falling behind,” Eric Fanning, the president and CEO of the AIA, said in the letter.
After Biden asked for the $813 billion, hawks in Congress almost immediately began demanding more. Earlier this month, Deputy Defense Secretary Kathleen Hicks said that the Biden administration was willing to work with Congress to increase the already massive budget.
“Where inflation will be in September, let alone this time next year, we don’t know, but we want to work with Congress on the ‘23 budget to make sure we have the purchasing power for this program,” Hicks said.
It’s like a bad withdrawal. After Afghanistan they couldn’t lay low for a year.
Odds are the next NDAA will be a trillion dollars.
Which still won’t cover the cost of the Reset.
“defense firms whose members include Boeing, Raytheon, Northrop Grumman, and General Dynamics”
they should fight each other and the winner gets to be supreme commander of US armed forces
Might be Raytheon. Isn’t that where Austin came from?
They’re like junks except that us on Main Street pay their bills.
“Three to five percent growth above the inflation rate is the level of investment required to support America’s global force, maintain our competitive edge over adversaries, and catch up technologically in areas where we are falling behind,” Eric Fanning, the president and CEO of the AIA, said in the letter.
Now read that over and over and over again. The bottom line… https://uploads.disquscdn.com/images/9c8de4239b191f9f81d8030b87af8151200f5c5ea9ae33b0b4ca4a3f880fec3c.jpg
https://ratical.org/ratville/CAH/warisaracket.html
Don’t it make ya proud to be an Amerkun!
usa111!!!
Here is a look at comments made by the CEOs of three of America’s largest defense contractors:
https://viableopposition.blogspot.com/2022/04/americas-defense-contractors-and-big.html
As long as the world remains geopolitically unstable, they stand to increase their profitability which leads to increases in the price of their shares which leads to increases in the compensation packages for their CEOs and other Named Executive Officers.
“Three to five percent growth above the inflation rate is the level of investment required to support America’s global force, maintain our competitive edge over adversaries, and catch up technologically in areas where we are falling behind,”
Who said this?
A) President Biden.
B) Secretary of Defense Austin.
C) General Milley.
D) Tom Cotton warmonger.
E) Eric Fanning CEO of AIA
all of the above?
I just thought it was startling the way he was so brazen. The guy sounded like one of those other clowns but I expect it from them. You’d think he’d be more muted and not sound like he’s trying to drum up business. I mean I know that’s what he actually wants to do but the propaganda machine works better if he would have feigned empathy for the poor bastards his merchandise kills.
I didn’t think it could possibly get worse, but somehow since Covid and Ukraine it has. They don’t even feel the need for pretense any more.
And so, the United States of America will go by the way of Spain, Netherlands, Rome.
V, that would be the best thing that could possibly happen.
V, that would be the best thing that could possibly happen.
Of course they do.
5% above inflation for a few decades and all you will have is military and nothing else, the trick is to spend as little as possible yet deter your enemies. It looks like Russia is going to be out of contention for a generation so really we have a chance to spend less on defense.
Unlike Iraq, the cool thing about Moscow’s WMD’s is you dont have to search for them, they will search for you.
One has to laugh to keep from crying 😆😭
The Russian Defence Ministry continues to study materials on the implementation of military biological programs of the United States and its NATO allies on the territory of Ukraine.
International Atomic Energy Agency Director Rafael Grossi told the Davos Forum that 30 tons of plutonium and 40 tons of enriched uranium are stockpiled at the Ukrainian power plant in Zaporizhzhia.
So the USA and Ukraine were working on Bio Weapons and Nuclear Weapons and lying to UN authorities.
On 19 February 2022, Ukrainian President Volodymyr Zelenskyy, speaking at the Munich Security Conference, announced to NATO officials that his country was considering calling into question the Budapest Memorandum (1994) so that it could acquire nuclear weapons against Russia.
It was only 5 days later that Russia started its SMO in Ukraine. Nazis. nuclear and bio weapons, what could possibly go wrong.
Russia in the Donbass has intervened in the 3rd Donbass war. The first was in 2014 which lead to the Minsk agreements, which Ukraine broke. The second Donbass war was in 2015 which lead to the Minsk2 agreements, which Ukraine broke.
The Ukrainian assault began on February 16 when over several days Ukrainian artillery increased its bombardment of Donbas by a factor of 40. Ukraine had 100,000 troops on the border of Donbass. Russia went in to protect the Russian speaking people. For 8 years Ukraine has been indiscriminately shelling the people of the Donbass, tens of thousands have died.
Russia reacted to this shelling of civilian populations and on February 24 they preempted the planned NATO proxy ground assault.