Former Deputy Assistant Secretary of Defense Roger Zakheim discusses how inflation is impacting the Department of Defense's spending budget.
There are a variety of priorities, clearly, the Biden administration is emphasizing climate and its place in the Department of Defense. This is all happening at a time where, as you point out, the buying power within the Department of Defense is going down because of inflation. The headline today is that inflation was somewhere between 6 and 6.
But these inflation numbers, it comes out to a net loss. In other words, we're going to fund the military below what we were going to fund it the previous year. And it's even more of a problem in the military because you're, of course, going to go ahead and give pay raises to the men and women in uniform.
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