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1 1 (February 2016)

handle is hein.amenin/aeiaaaf0001 and id is 1 raw text is: Am 0 Ik * Sxn 201 Defns Budget: Offse Prmsig bu Toa' Prcrmn Dipootintl Pay the Bills resident Obama's fiscal year 2017 defense budget request (FY17) totals $610 billion: a $551 billion base budget combined with $58.8 billion in overseas contingency operations (OCO) funding, or emergency spending above the legal budget caps. The president's final budget isat least $18 billion short of hisown request from last year, setting up both parties for yet another political fight over thedefense toplineon Capitol Hill. Worse, inflation meansthe latest defense budget is actually declining-not rising-in real terms. In sum, the president's 2017 defense budget cuts morethan it invests. In the ongoing defense policy arguments of capability versus capacity and presence versus posture, the President's budget has clearly chosen the future over the present, warfighti ng over deterrence, and postureover day-to-day presence. Yet asawhole, the budget signals a latent if underfunded understanding of the need for a three-theater force posture, combined with an effort to begin reversing worrisome trends in US military technological superiority. The Army receives its first relative shot in the arm since 2011 with $2.3 billion in new funding for the European Reassurance Initiative (ERI), whilethe Air Force and the Navy reap some benefits of Secretary Ash Carter's down payment on the Third Offset strategy. The bottom line isthat even though investments in cutting-edge technologies are necessary, the continued shrinking of the military and heightened cuts to procurement far outweigh any new growth. Additionally, Secretary Carter's offset investments are paid for by procurement reductions not only in 2017, but also throughout the entire five-year Future Years Defense Plan (FYD P). AMERICAN ENTERPRISE INSTITUTE

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