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Defense & Aerospace Report

Defense & Aerospace Report Podcast [Washington Roundtable Aug 02, ’24]

Aug 2, 2024
Dr. Patrick Cronin, a defense expert, joins Michael Herson from American Defense International, former Pentagon chief Jim Townsend, and ex-Pentagon Comptroller Dr. Dov Zakheim to discuss pressing global issues. They delve into a complex hostage exchange with Russia and escalating Middle East tensions following Israel's actions against Hamas and Hezbollah. The group also analyzes rising military expenditures, the U.S. response to China's hacking, and potential candidates for Vice President Kamala Harris’s running mate in the upcoming elections.
51:30

Podcast summary created with Snipd AI

Quick takeaways

  • The Senate's markup of defense appropriations bills signifies a modest $21 billion funding increase, reflecting ongoing budgetary pressures amid inflation concerns.
  • Escalating tensions in the Middle East, especially following Israel's assassinations of Hamas and Hezbollah leaders, raise serious concerns about regional stability and conflict implications.

Deep dives

Senate Appropriations and Defense Spending

The Senate has marked up four appropriations bills, including a significant defense bill that proposes a $21 billion increase in spending. This nearly mirrors the $25 billion increase initially proposed by the Senate Armed Services Committee, but when adjusted for inflation, equates to only a 3% increase. Key highlights of the defense bill include funding for shipbuilding, combat rescue helicopters, and readiness improvements, although it did not fund a second Virginia-class submarine as anticipated. Additionally, the Department of Veterans Affairs is facing a $15 billion budget shortfall, raising immediate concerns over veterans’ benefit payments unless Congress acts swiftly.

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