According to a report by the Center for Strategic and Budgetary Assessments, “In constant dollars, defense spending fell from $768 billion in 2010 to $595 billion in 2015, a decline of nearly one-fourth, and President Obama’s final budget request was for only $583 billion” The report cited defense analyst Katherine Blakely, who has written that the rate of this drawdown “has been faster than any other post-war drawdown since the Korean War at a compound annual growth rate of -5.5 percent.” History will rightly assign the reigning commander-in-chief the lion’s share of the blame, but the so called military spending “sequester” was a bipartisan act that has yet to be reversed.
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