How much does inflation actually matter to DoD and can it be fixed?
The word inflation is being bantered about in Congress relating to the Pentagon’s 2023 budget quite a bit as senior leaders justify their funding decisions for the upcoming year. However, how important is inflation to the actual military budget, especially when the budget, after all, is just a recommendation? Last week, the Defense Department provided important information to Congress on how it is thinking about the nation’s inflation rate in terms of next year’s budget. The letter, requested by both Armed Services Committees’ ranking members, provided tidbits of insider knowledge…
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