Military-Industrial Complex Going Hog Wild—$800 Billion Defense Budget Pending

Sources in the Pentagon have told Reuters that the Biden administration is poised to propose a budget for national defense that could top $800 billion for FY 2023, an enormous sum that far exceeds the levels reached at the peaks of the Korean and Vietnam wars or during the Reagan buildup of the 1980s. It is also more than three times what China spends on its military, and ten times what Russia spends.