Progressive foreign policy experts say a new Congressional Budget Office report offering three options for slashing Pentagon spending by $1 trillion over the next decade underscores the imperative to invest in programs of social uplift and climate action. (Photo: Kevin Dietsch/Getty Images)
As CBO Shows How to Cut $1 Trillion From Pentagon, Progressives Urge Spending on 'True Security'
"Saving a trillion dollars that could be devoted to preventing pandemics, addressing climate change, or reducing racial and economic injustice is no small matter."
Progressive foreign policy experts on Thursday pointed to a new Congressional Budget Office report that concludes it is possible to slash a trillion dollars in military spending over the coming decade without reducing force effectiveness as further proof that the United States can and should prioritize investments in tackling pandemics, inequality, and the climate crisis.
"The U.S. military budget is now higher than it was at the peak of the Vietnam War, the Korean War, or the Cold War," said Lindsay Koshgarian, program director of the National Priorities Project at the Institute for Policy Studies (IPS). "This report shows that there are viable options for immediate, substantial reductions to the Pentagon budget."
"We are spending far too much on the Pentagon, and too little on everything else," Koshgarian continued. "Facing a pandemic that is not yet over, decades of growing economic inequality, unaddressed systemic racism, and a climate crisis, the U.S. is in desperate need of reinvestment for true security."