US faces acute funding dilemma in race to maintain military edge

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US faces acute funding dilemma in race to maintain military edge
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It is caught in a bind to maintain US power globally and balance that with domestic priorities. Read more at straitstimes.com.

WASHINGTON - The United States spends roughly US$900 billion annually on its military, as much as the next 10 countries combined.

Secretary Kendall is but the latest military leader to sound a warning about readiness, and also about China’s rapid military build-up. Before that target is met, however, the US fleet is expected to shrink as older vessels are retired, according to a November report from the US Congressional Budget Office.

“I don’t see it as plausible that the United States will essentially spend its way out of this,” Mr Colby said. “Especially because we’re dealing with China, which, whatever economic troubles it’s having, is roughly a peer economy.” The Huntington Ingalls shipyard in Pascagoula, Mississippi, is one of seven major US Navy shipbuilding yards across the country. But just one of China’s naval shipyards is bigger than all the US’ naval shipyards combined, said US Navy Secretary Carlos Del Toro in February.

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