❝ US defence officials previously feared that rising interest rates and growing federal debt would push the government’s net interest costs so high that they would squeeze out funding available for personnel, training, equipment, modernisation, maintenance, and more. Interest rates are now higher and the debt is now larger, but Pentagon budget officials are no longer worrying about either…
❝ The national defence budget – as well as the ‘domestic’ budget – is legally capped by the 2011 Budget Control Act. However, the White House’s Office of Management and Budget instructed the Pentagon to use the uncapped Overseas Contingency Operations account to bypass the legislated limits, which were meant to lower discretionary spending and begin lowering the US public debt. Pentagon officials said about USD97.9 billion was shifted into the unlimited OCO account.
With the Fake President in office, who cares about budgets, the rule of law or how big a bill you drop on American taxpayers?