We learned today that President Trump wants to increase defense spending by $54 billion. How much is that, anyway?
This is tricky. Normally, you’d just take a look at defense spending over the past decade or so and see how it compares to the trend. However, ever since 9/11, a big chunk of defense spending has been for “Overseas Contingency Operations,” known to the rest of us as “wars.” You don’t want to count that as part of the baseline. On the other hand, the OCO account sometimes acts as a sort of slush fund for ordinary spending, which basically hides increases in baseline defense expenditures.
With that caveat in mind, here is baseline defense spending since 2001:1