Oct 3, 2023Liked by pgb

Thanks for this article.

I read PK’s column today, and I’m not sure I completely agree with him, as he is stepping well outside of his area of expertise.

Only $77 billion? As I understand it, the ‘value’ of US military assistance to Ukraine is more or less whatever the Pentagon says it is. If the Pentagon’s accountants value a Bradley at replacement cost, depreciated cost, or scrap metal cost is very much a discretionary matter, and in practice seems to depend on how much Presidential drawdown remains at any particular time.

But that to one side, the principal issue isn’t really whether the budget can handle the additional monetary costs, which clearly it can, but rather that in terms of matériel, the cupboard, sadly, is bare, and further gifts, loans, guarantees and donations will have an increasingly negative impact on the national security of the United States.

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