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AEI's John Ferrari and Mackenzie Eaglen write that in failing to adjust its budget to the realities of inflation, the Pentagon is careening towards budgetary trouble.
An F-16 Fighting Falcon fighter jet skidded off a runway and stopped when its nose cone dipped onto the airfield during a training mission in South Dakota on Wednesday, according to the Air National Guard.
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The program would be part of the $169 billion 2023 budget request the Air Force unveiled, which included a 4.3% increase in their Basic Housing Allowance.
With inflation eroding the power of each dollar more by the day, how much President Joe Biden’s proposed budget would actually buy in 12 or 16 months is very much up in the air.