Fighting for a U.S. federal budget that prioritizes peace, economic security and shared prosperity
Aug. 11, 2020 - Download PDF Version
This fact sheet was originally published by the Progressive Caucus Action Fund together with the National Priorities Project at the Institute for Policy Studies.
As part of the annual must-pass military spending and policy bill (the National Defense Authorization Act for Fiscal Year 2021, or “NDAA”), progressive lawmakers have put forward a proposal to cut the massive $740 billion Pentagon budget by 10 percent. The amendment is being introduced on the Senate side by Senator Bernie Sanders, joined by Senators Ed Markey and Elizabeth Warren, and on the House side, by Representatives Barbara Lee and Mark Pocan.
With the Pentagon budget at historically high levels, and with additional increases under President Trump, a ten percent cut is an overdue correction to the bloated Pentagon budget.
A ten percent cut begins to bring Pentagon spending in line with historical spending:
The Pentagon's budget has been historically high for years, and has drastically increased under President Trump.
In the first year under President Trump, the Pentagon budget jumped from $692 billion to $741 billion – a $49 billion, or seven percent, real increase in a single year. A $74 billion cut pays back that increase and returns the Pentagon budget to the level of the last budget request by President Obama, which was $666 billion in today's dollars. A 10 percent cut is a strong step toward better spending priorities, and could make a tremendous difference in other programs ranging from health care and education to job creation at a time when it is desperately needed.
2. Inflation-adjusted figures from President Obama’s final budget request for FY 2017.
3. Inflation-adjusted figures from the Office of Management and Budget.