Generic selectors
Exact matches only
Search in title
Search in content

The Pentagon gets $700 billion per year to spend across all Defense Department (DoD) programs. But the DoD’s purchasing power within that budget is declining, according to Bill Greenwalt, visiting fellow at the American Enterprise Institute and former deputy under secretary of defense for industrial policy.

  • Greenwalt said the reduction in purchasing power is problematic when China is able to start producing more ships, missiles and other capabilities than the United States.
  • Greenwalt said the defense budget has essentially become a “social program” in its adherence to various mandates and additional expenditures.
  • DoD can increase purchasing power by replicating methods SpaceX used to innovate as a commercial company and greatly increase productivity, Greenwalt said.

Sponsored Content

Agency in Motion: Navy

Watch Agency in Motion: Navy on Tuesday, October 11th at 8:30 and 10:30 PM on WJLA 24/7 News, sponsored by KPMG
More
October 2022
S M T W T F S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
Where to Watch
  • Weeknights at 8 PM and 10:30 PM on WJLA 24/7
  • Sunday Mornings at 10:30 AM on 7News
  • AFN American Forces Network
    Worldwide on American Forces Network
Our Brands