The commitment is upwards of $150 billion. That does not include the taxes that are now being imposed, and I use that with quotation marks around it because that is how it is characterized, within the military itself. The existing military budget is being taxed, money extracted from it for operational purposes. The capacity to expend construction funds of $18 billion-plus are committed, but are not necessarily expended just yet. The plain fact is we are talking between $150 billion and $200 billion.
Neil Abercrombie: “The commitment is upwards of $150 billion. That does not include the taxes that are now being imposed, and I use that…”
Editor's note · Context
Discussing military budget commitments and expenditures.
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