The debt ceiling agreement reached between the White House and House Republicans that was announced Sunday caps military spending at $886 billion for 2024, matching President Biden’s requested budget.
Republicans negotiating the debt ceiling deal only sought non-military spending cuts. The $886 billion cap for military spending represents about a 3.3% increase from 2023.
The White House and House Speaker Kevin McCarthy (R-CA) still need to get the debt ceiling agreement passed through Congress. Many hawkish Republicans will likely oppose the deal as they previously blasted Biden’s massive $886 billion request as “inadequate.”
Sen. Lindsey Graham (R-SC) slammed the debt limit deal in an appearance on Fox News on Sunday. “The Biden defense budget was a joke before, and if we adopt it as Republicans, we will be doing a big disservice to the party of Ronald Reagan,” Graham said.
“The biggest winner of the Biden defense budget is China because they’ll have a bigger navy,” Graham added.
Hawks in Congress have gotten their way over the past two years as they approved significantly more military spending than what President Biden requested for 2022 and 2023. For 2023, President Biden asked for $813 billion in military spending, but Congress added $45 billion, bringing the finalized National Defense Authorization Act to $858 billion.
A similar increase for 2024 could bring the NDAA close to $1 trillion. The US also authorizes other national security spending that is not included in the NDAA. According to analyst Winslow Wheeler, factoring in other types of expenditures on the national security state, including interest on debt and the Veteran Affairs budget, would bring the total defense budget for 2024 to around $1.5 trillion.
“We cut spending year-over-year for the first time in over a decade while fully funding national defense and veterans’ health benefits,” House Speaker Kevin McCarthy, R-Calif., said in a statement upon introducing the compromise bill Sunday.
Whew! /s
https://y.yarn.co/47f268d0-e412-41ce-aba1-4713dec04669_text.gif
All the hand-wringing, all for show. The real powers that be must be laughing their asses off.
Republicans and Democrats, McCarthy and Biden. There is not a fucking hell of a lot of difference. The rich get richer,the poor lose social services while the Oil people rape the land.The planet is toast and humans are not far behind.
It is all a show.
They’ll likely vote this one down then preen for the cameras.
Once the first tier politicians have their facetime on TV and we start seeing the back benchers start bolivating for the cameras then we will know it’s time to pass another one.
It will be over in mid-June and and everyone’s attention will be on something else giving eveyone the vapors.
It was a done deal from the beginning.
As the Federal Reserve raises rates, the cost of the interest on the Federal Debt goes up. You might think that we would be hearing more about that right now.
The US is currently paying 6.8% of our taxes to pay the interest on the debt. Because of rising interest rates, it is not unreasonable to expect that amount to rise to 8.7% in the coming year, even if we don’t borrow another penny between now and then.
But, of course, we will borrow more. Eventually investing in the US might be so risky that nobody will be willing to extend a loan without a risk premium. That’s when the claws will really come out.
I presume you are American , read the epic of America , by James Truslow Adams , the real power has been running America for longer than most Americans think ,
or you could just listen to one US President from that era
https://uploads.disquscdn.com/images/973844f630d1416020ad2e2ae22c1e2b248f7220906df0ec519dd8e250775f35.jpg
Excited over capping military spending at nearly a trillion dollars a year?? Way to go, Biden! Wow, what a negotiator.
LOL. Shh. Can’t you see I’m busy negotiating? …Sniff, sniff. …What’s that? Eww. No, not McCarthy… I was just negotiating with my dog about taking a walk. Don’t be disrespectful. (Sarcasm alert)
“Come on man!”
Hilarious. And probably true.
I would assume that Biden was in full agreement with McCarthy on the military spending so Joe didn’t have to use that sharp mind of his (/s) to negotiate on that issue.
They negotiated a done deal, what for?
Bipartisan war parties at its finest. Cut everything EXCEPT the mammoth defense budget.
Yes, and the silent half of the story, they didn’t rescind the Trump tax cut, a K St. masterpiece.
what! “look over there you stupid MFs”
I’m thinking the $4 billion is still going to Israel.
For 20 billion a year they could fix homelessness, Arrest them all for the criminals they truly are. Its all just money laundering.
yes they could fix homelessness and clean water and education and probably even colonize the Mars etc – – but for some reason they choose not to
“Biden, McCarthy Agree on $886 Billion Military Budget
House Republicans only demanded non-military spending cuts in the debt ceiling negotiations” Never cut the most unnecessary funding that actually makes us less safe!? Humorous? George Carlin could have used this material. George Carlin RIP and I don’t blame you. You did what you could. https://www.youtube.com/watch?v=2Rlqjxst6xU&t=176s
He will always be current.
Taxes are paid to fund the MIC and all the wars it takes to use up their products, that is bipartisan.
These massive military expenditures are necessary. If we don’t fight them in New Guinea, pretty soon we’ll have to fight them in San Francisco.
Do US citizens really believe that a 886 billion military budget is to keep them same ? . or is it more like to keep the MIC in the life style they have become accustomed too ? .
A bit of hope for the future, or will a new class of Neocons be spawned? https://www.lewrockwell.com/2023/05/karen-kwiatkowski/some-facts-for-consideration/
House Republicans only demanded non-military spending cuts in the debt ceiling negotiations
in other words; republicans’ demands that no US tax-payer money be spent on trivialities such as education, medical care, social-security and SURPRISE! not even infra-structure spending such as roads and bridges etc.
hey, does yalls children & grandchildren go to the public schools? mine did. and did yalls elderly mama & daddy pay a good 1/3 of their pay-check into the social-security with the expectation that they would be taken care of by uncle sam? mine did and so did my neighbors old ladies.
oh wait, what do republican politicos think is super-important ?
tax-cuts for corporations and for the super-elite multi-millionaires that fund the republican party. WTF does uncle sam extract federal taxes from everybody out of one side of their mouth only to disregard those very same tax-payers out the other side their mouth.
WTF Uncle Sam ?
edit) = young people actually have the capability to change the face of society but for some reason they do not.
That was expected, the Democrats only pretend otherwise. They are set to support that kind of limitless military spending when there is not any threat of any military invasion of the USA by any nation on the globe. The MICC owns the nation.
We are experiencing the ultimate failure of democracy. The nations elite military beast is devouring the nations wealth until it chokes to death.
it is unfortunate that when we vote there is really only a choice between left-hand crooks and right-hand crooks.
i used to vote for an independent party guy but last time i voted he was nowhere to be found so i ended up writing my little brother’s name on my ballot. LOL
I like even numbers, why not just make it a flat-out trillion?…
https://genius.com/Anti-flag-1-trillion-dollar-lyrics
*good to dance to…”
https://www.imaginationstationtoledo.org/education-resources/diy-activities/what-does-a-trillion-dollars-look-like
It’s all a f’n’ charade. The parasites always come to an agreement at the last moment. Meanwhile the Vampire Military Offense Industry continues to suck the nation’s wealth into the pockets of the Offense Contractors along with the other blood suckers living off the taxpayers. Cutting the Offense Budget in half would still not be enough. Yea, I know look at all the high paying jobs that the Offense Industry provides but to what end? So we can continue to wage war around the world, causing destruction wherever we send the weapons that Northrup Grumman, Lockheed Martin, Raytheon, Boeing and other companies produce. The U.S. is not a nation that seeks peace but spreads destruction and chaos around the world.
Keep our Navy out of China’s waters and we can cut military spending.
Any information to suggest the presence of US Navy vessels in China’s waters?
The argument is that the South China Sea is international waters and not Sovereign China. Same stupid argument as Taiwan which the State Department has documented is Sovereign China. But the US will go to war over both anyway.
https://edition.cnn.com/2023/03/24/asia/us-navy-operation-paracels-china-intl-hnk-ml/index.html
And Graham was complaining that this spending wasn’t enough and would do everything to make sure it’s a higher spending.
According to the Russian Defence Minister General of the Army Sergei Shoigu over the past month, the AFU lost over 16 thousand servicemen, 16 aircraft, five helicopters, 466 UAVs and more than 400 tanks.
“Live by the sword, die by the dagger missile.”
The State Department has refused to say if it’s engaging with the Ukrainian government over American citizen Gonzalo Lira, who was detained by the Security Service of Ukraine (SBU) due to his political views on the conflict with Russia.
Gonzalo Lira, a US Citizen born in California, is on the US/Ukraine Myrotvorets Hit List to be assassinated.
Lira is a critic of the Ukrainian government and was arrested by the SBU on charges of justifying the Russian invasion. He is a Political Prisoner who is being denied his constitutional right to free speech.
Freedom and Democracy, what a scam the entire system is.