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Toggle open close On May 28, 2021, the Department of Defense (DOD) released President Joe Biden’s fiscal year (FY) 2022 $715 billion budget request, a 1.6 percent increase over FY 2021 funding levels.REF However, as this Issue Brief will describe, this amount is insufficient to meet the current demands on our military, nor is it sufficient to prepare for the challenges that lie ahead. Budget Analysis The budget request does have its bright spots. It merges the overseas contingency operations account into the base budget, a necessary step toward transparency and accountability.REF The request for nuclear modernization is robust,REF but the main elements of the budget represent a step backward for our national defense. It would drive reduced capacity, both in terms of people and platforms. Meanwhile, the new Pentagon leadership is increasing the missions and demands on those very people and platforms.REF The proposed budget reduces capacity in the present to bet o ....