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Free AccessSenator Wicker Unveils Plan To Boost Defence Spending
Senator Roger Wicker (R-MS), ranking Republican on the Senate Armed Forces Committee, has bucked the Republican Party’s growing isolationism and called for a major military buildup which would boost defence spending by USD$55 billion - to 5% of GDP.
- Wicker wrote in a New York Times op-ed: “We struggle to build and maintain ships, our fighter jet fleet is dangerously small, and our military infrastructure is outdated. Meanwhile, America’s adversaries are growing their militaries and getting more aggressive.”
- Wicker adds: “We may find ourselves in a state of extreme vulnerability in a matter of a few years, according to a growing consensus of experts. Our military readiness could be at its lowest point in decades just as China’s military in particular hits its stride.”
- Semafor reports that Wicker's plan, “calls for permanently stationing an armored brigade combat team in Poland; increasing rotational force deployments to eastern Europe; considering the redeployment of tactical nuclear weapons to the Korean Peninsula; loosening restrictions on foreign military sales to Gulf nations; building a 355-ship naval fleet; fielding new air defense capabilities; and resuming domestic uranium enrichment for the AUKUS submarine pact.”
- AP reports that Wicker's plan, "lays down a significant marker for Senate Republicans as they enter into a new round of budget fights with Democrats in the heat of a closely fought election year."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.