https://www.wsj.com/articles/debt-ceiling-bill-budget-military-spending-biden-kevin-mccarthy-senate-pentagon-45db6323?mod=opinion_lead_pos1
The debt-ceiling bill passed the Senate on Thursday evening with 63 votes, though not before several Senators warned about its cuts to military spending. They have a point that will have to be addressed.
Republicans succeeded in reducing domestic discretionary spending, but the political price was agreeing to President Biden’s defense budget request of $886 billion for 2024 and $895 billion in 2025. That’s a 3% nominal increase in 2024, and it at least breaks the Democratic Party’s long-time demand that every defense dollar be matched with one for social welfare.
But Mr. Biden’s number is a real cut in defense after inflation. The deal means U.S. spending on the military could fall below 3% of the economy for the first time since the height of the post-Cold War peace dividend in the late 1990s.
No one thinks the world is more tranquil today than in 1999, as Vladimir Putin prosecutes the first European land war in 80 years. The Biden budget shrinks the U.S. Navy to 286 ships by 2025—as China ramps up to a 400-strong fleet designed to subdue Taiwan.