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The Pentagon Budget: Myth vs. Reality | Cato @ Liberty

Over the past few weeks, a number of pernicious myths have popped up regarding the Pentagon’s budget. Here I want to dispel these myths with an exhaustive, and exhausting, look at the details. The charts below, compiled with my colleague Charles Zakaib, should help.

The President’s Budget officially requests $613.9 billion for the Pentagon FY 2013, broken down between $525.4 billion in the Pentagon’s base budget, and another $88.5 billion for Overseas Contingency Operations (OCO)—mainly the war in Afghanistan. This compares to a base budget and OCO of $530.5 billion and $115.1 billion, respectively, for FY 2012. (For other good overviews, see Chris Hellman’s analysis for the National Priorities Project; and Carl Conetta’s “Keeping Pentagon Cuts in Perspective” [pdf] for the Project on Defense Alternatives).

For more on this story, visit: The Pentagon Budget: Myth vs. Reality | Cato @ Liberty.

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