The outcome of the US election is certain to have a massive impact on global politics and industry spending. Although no major candidate is likely to spend significantly more or less than the other on the baseline military budget, nearly all Democrats and some Republicans hope to continue providi...
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While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
Thus, in our baseline scenario, we forecast the federal budget deficit as a share of GDP to rise slightly from the 6% expected in 2024 to 6.2% in 2025 before falling in the outer years of the forecast as economic growth outpaces spending growth. With the deficit as a share of GDP falli...
1. If ever there was a time to reduce our massive and wasteful military spending, this is it. There was never, for example, any sense in investingup to $1.7 trillionover the next 30 years to “modernize” America’s nuclear arsenal. (Why are new weapons needed to exterminate humanity wh...
Military Spending and Economic Output: A Decomposition Analysis of the US Military BudgetAlthough the economic effects of defense expenditures have become an issue of intense interest over the recent decades, little is known about how the individual components of military spending affect the economy. ...
Cyprus: US Military Training Won't Harm Russia, China Ties More By MENELAOS HADJICOSTIS, Associated Press NICOSIA, Cyprus (AP) — Cyprus’ government said Friday that a U.S. decision to provide education and training to the island nation’s armed forces won’t hamper relations with either...
Military personnel serve our country in countless ways, but sometimes the transition to private life can be difficult. To help ease that transition, Deloitte participates in Hiring Our Heroes—a collaboration with American businesses to create job opportunities for veterans post-service. In this episod...
The Congressional Budget Office recently estimated over the summer that net interest payments will exceed defense spending in 2029. “That made everyone a little bit nervous,” said White. Persistent inflation and rapidly rising rates have forced forecasters to keep marking up their forecasts for the...
After the Texas Military Department “seized and secured Shelby Park,” two children and a motherdrowned in a nearby partof the Rio Grande on January 12.TexasandUSofficials accused each other of contributing to the circumstances surrounding the tragedy. And more unexpected events have since unfolded...