Mackenzie Eaglen, 19FortyFive: How Inflation Makes the US Military Poorer Overnight
Right now, it’s hard to find any good, commodity or service that is getting cheaper. Those same inflationary trends hold true for the Department of Defense’s finances. Congress keeping the military on a spending freeze for nearly half a year is only exacerbating budget challenges.
The result is an agency surging troops forward as Russia builds up forces near Ukraine that is losing buying power near equivalent to sequestration levels of 2013. Absent a fast fix, the military will continue to financially triage as planned costs for everything from fuel to timber to rental assistance far outpace actual bills.
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WNU Editor: With inflation expected to continue for the next few years, this is only going to get worse.