HMM: 2018 Defense Budget Defers Buildup for Austerity.

• President Trump’s defense budget would repair, not rebuild, the military. Worse, it lacks the investments necessary to allow a robust rebuilding effort to begin a year from now. The request represents a more muscular status quo at best.

• This budget continues a favored Washington tradition of investing in the immediate and long term while shortchanging the next three to 15 years. This “barbell” investment strategy emphasizes the conflicts of today and the wars of the distant future, while discounting the long bar of the medium term, wherein most strategic and military risk lies.

The entire report [PDF] is available here.