This comes to us from the folks at Cato.
In April, the CBO projected – based on current law – that the Pentagon would spend roughly $606 billion dollars in 2015. The just-passed House defense budget spends $570.4 billion. Both figures assumed, among other things, that we we would spend about $79 billion for overseas contingency operations (OCO), which is mainly for the war in Afghanistan. We have since learned that the Obama administration’s actual OCO request is likely to be “substantially smaller” than $79 billion, so perhaps $560 or $565 billion in total Pentagon spending when combined with their earlier base budget request.
One glance at Cato’s latest infographic* will tell you that even the lowest of these figures is too high.
Click on the image for the article and a larger version of the infographic.