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What to Love (or Not) About the Biden Budget

On April 9, President Biden officially sent to Congress what is known as the “skinny budget” – a 58-page summary of a much larger and more detailed budget proposal to be submitted later this spring. The skinny budget contains only the “top-lines,” or total request levels, for each category of spending, with minimal details about how the funds will be allocated among specific programs. We found a lot to love about the proposal, even in its skeleton form.

Pentagon Spending is the Least Effective Way to Create Jobs after COVID-19

As Congress works to get Americans back into jobs lost in the COVID-19 crisis, it must focus on proven solutions. Dollar for dollar, spending on the Pentagon and national defense creates fewer jobs than other top industries. According to a Brown University study, $1 billion invested in education will create over twice as many jobs as $1 billion spent on the Pentagon.

Congressional Timeline on Pentagon Spending

Congress must take many steps to set the Pentagon’s final budget. For the fiscal year starting on October 1 (FY 2018), Congress and the president have already agreed to fund operations through December 8, 2017 at last year’s spending rate. Between now and then they still must reach a deal on the full year’s budget, or buy still more time.

Costs of War: By the Numbers

On October 7, 2001, the United States officially began Operation Enduring Freedom and the war in Afghanistan. Almost 19 years later, the United States finds itself struggling to conclude two decades of relentless war that has cost trillions of dollars and an untold number of lives.