America’s military procurement machine may be the single most successful system of wealth transfer ever devised — moving tens of billions of dollars every year from ordinary taxpayers into the pockets of big defense contractors and their allies in Congress. But as a provider of working equipment to defend the United States against realistic threats, it is becoming more and more dysfunctional with every passing year.
Current administration plans call for spending a trillion dollars over the next 30 years to “modernize” America’s nuclear arsenal to fight a pointless war that would decimate major centers of civilization across the globe.
At the same time, the Pentagon is also asking for even greater sums to modernize conventional weapons systems that are better suited to East-West conflict scenarios of the 1950s than to today’s skirmishes with insurgents in the Middle East, Asia, and Africa.
Spending on major military acquisition programs is projected to soar 23 percent, after adjusting for inflation, from fiscal year 2015 to 2022. Worse yet, Congress and the administration are spending much of that money on weapons that don’t even work as advertised.