WASHINGTON — The Senate on Tuesday approved a final defense authorization bill, legislation that has generated its share of drama this year, paving the way for an increase
in defense spending in Connecticut and the nation.
However, economic growth will remain constrained by various headwinds, such as a potential spike in oil prices due to tension in the Middle East; an expected decline in net exports from the global slowdown; and an expected increase in fiscal drag, including the fading of federal spending from the stimulus and a
decline in defense spending for operations in Iraq and Afghanistan.»
BEIJING, March 5 - China on Monday unveiled its largest
rise in defense spending in three years, setting a target of 8.1 percent growth over 2017, fueling an ambitious military modernisation program amid rising concerns over its security.
Trump made his case for a massive
boost in defense spending by rallying shipbuilders and sailors aboard a next - generation naval aircraft carrier to get behind a «great rebuilding of our military might.»
President Trump deserves credit for seeking to fund an increase
in defense spending with cuts elsewhere, rather than with more debt.
Some folks don't
believe in defense spending and war as government - mandated programs either — and in protest have withheld tax money owed to the IRS — and I don't recall them winning their cases.
After the Vietnam War, Ronald Reagan adopted a policy of high levels of military spending to force the USSR to match this spending on the premise that the U.S. had an economy more capable of
engaging in this defense spending without collapsing than the Soviets, a concept many considered historically vindicated when the Soviet Union collapsed in 1989, following in close succession by the splintering of Yugoslavia and Czechoslovakia, and the unification of Germany.
The president will lay out a budget plan with big increases
in defense spending offset by large cuts in domestic programs — exactly, his budget director told reporters, what Trump promised to do on the campaign trail.
Lastly, the National Nuclear Security Administration — benefiting from the proposed 10 percent increase
in defense spending overall in the request — would see a mix of increases for its research, development, test, and evaluation (RDT&E) accounts.
June 27, 2012 • With dramatic
cutbacks in defense spending looming if Congress fails to reach a budget deal, defense systems manufacturer Lockheed Martin says it will be forced to send layoff warnings to more than 100,000 employees this fall.
However, as those wars have wound down, new contracts have slowed (25 %
reduction in defense spending between 2008 and 2015, according to research from Morningstar), making General Dynamics more reliant on its commercial aerospace segment.
«We expect a
bump in defense spending that will benefit Northern Virginia, and that includes spending for border security and related technologies.
According to a new article posted by the Investing Architect, cuts
in defense spending means cuts in personnel on military -LSB-...]
BEIJING, March 5 - China unveiled its largest
rise in defense spending in three years on Monday, setting an 8.1 percent growth target compared to 2017, fueling the country's ambitious military modernisation program amid rising Chinese security...
The spending plan includes a big
boost in defense spending, and to pay for that, the budget deeply cuts mandatory spending programs such as Medicaid and food stamps.
Speaking of the government's impact on the industrial sector, aerospace and defense stocks are leading industrials on speculation President Donald Trump is targeting significant
increase in defense spending.
Also, while
cuts in defense spending are certainly inevitable, to my thinking defense spending is one of the more protected areas of federal expenditures.
Trump highlighted the portions of the bill he supports: the nearly $ 80 billion increase
in defense spending, a $ 1.6 billion boost to border security funding and a cash injection to fight the opioid epidemic.
Trump's turnabout came after a meeting with Defense Secretary James Mattis, who advocated for the bill's increases
in defense spending and wanted the relative certainty of six months of assured funding.
Republicans want big increases
in defense spending; the Democrats are demanding the same price that they exacted in the past, a comparable hike in non-military outlays for such programs as community health centers.
That amount would be about evenly split between plans for $ 530 billion in discretionary nonmilitary spending, and $ 561 billion
in defense spending, according to The Washington Post.
The Japanese government also approved a record increase
in defense spending — focused primarily on ballistic missile defense.
Earlier on Tuesday, there appeared to be two possible outcomes: The Senate would either sign off on the $ 659.2 billion increase
in defense spending and add in a parallel increase in domestic spending, or lawmakers would strip the measure of all extra defense spending and send yet another «simple» stopgap bill back to the House.
In the United States, at the federal level, the end of the payroll tax cut, the sequestration, the squeeze on discretionary spending from budget caps, and the declines
in defense spending have all curtailed economic growth.
The $ 4.4 trillion proposal includes $ 716 billion
in defense spending and $ 21 billion for additional infrastructure investment.
In order to «shape a new century favorable to American principles and interests» and to «extend an international order friendly to our security, our prosperity, and our principles» they called for ma.ssive increases
in defense spending.
Both plans also contain significant reductions in funding for domestic non-entitlement (also known as «discretionary») programs and significant increases
in defense spending.
The government today announced a massive increase
in defense spending, with an additional # 7.7 billion being channeled into the Ministry of Defence (MoD) by 2011.
«This bill does not address the great moral issue of our time — the fact that in three weeks 800,000 young Dreamers will lose their legal status and be subject to deportation,» said Sanders, who also objected to the bill's increase
in defense spending.
ELIZABETHTOWN — President Trump's budget blueprint calls for deep cuts in domestic programming in favor of steep increases
in defense spending.
Collins stressed that Trump's budget is nothing but a messaging document in which the president made clear he wants a huge increase
in defense spending.
Trump is calling for a $ 54 billion increase
in defense spending, which meant he had to find an identical amount of cuts in domestic spending.
The House of Representatives seemed poised to pass a bill to keep the government open until 16 February, after promising conservatives a vote on a major increase
in defense spending, a hard - line immigration bill as well as other unnamed concessions that the conservative House Freedom Caucus leader Mark Meadows called «subplots» on Thursday night.
The Trump plan, also known as the skinny budget, calls for $ 54 billion in cuts to non-defense programs with a simultaneous $ 54 billion increase
in defense spending.
The latest budget analysis, for instance, reports that while the president's fiscal 2018 budget proposal calls for 9.4 % increase
in Defense spending, very little of that increase would benefit the Pentagon's science and technology programs.
-- This is nothing new for US politicians, of all stripes: In the past 50 years, there's only been a half - decade of budget surpluses, pretty much all in the late 90s simply as a consequence of a post-Cold War run - down in defense spending
This accelerated a multi-year decline
in defense spending to a low some years ago of 3 % of GDP (vs. 10 % of GDP in the 1950s)
Nix said that while an increase
in defense spending could «help» the company's business, SCL's government division sees potential beyond the Pentagon and Homeland Security.
That impasse has triggered an automatic $ 1.2 trillion in spending cuts, including $ 600 billion
in defense spending, starting in January 2013, posing another uncertainty for the marketplace.