July 18, 2024

Amid intensifying international imperialist competition, the budget proposal for 2025 by the Biden administration proposes heightened expenditures. This plan, unlikely to pass Congress in its current form due to Republican opposition, outlines total spending at $7.3 trillion.

The proposal suggests funding various initiatives by increasing taxes on the wealthy and large corporations, a recurring theme in Biden’s administration, a consistently unmet promise, alongside “development programs” in crucial states pivotal for electoral success.

The administration pledges to negotiate lower drug prices with pharmaceutical companies, reinstate tax breaks for low- and middle-income families with children, and aims to reduce the government deficit by $3 trillion over the next decade despite the national debt already standing at $34.5 trillion.

Military spending, primarily allocated to the Pentagon, constitutes a significant portion of the budget, totaling $895 billion. Further military and economic “aid” is earmarked for Ukraine, Israel, and Taiwan.

Regarding immigration, the proposal advocates for stricter controls at the Mexican border, a move which comes as no surprise given most Democrat administrations bolstering deportation and border control forces.

In contrast, House Republicans unveiled a plan to slash federal spending by $14 trillion over the next decade.

The fiscal year 2025 budget, commencing in October, allocates increased funds for infrastructure investment abroad until 2027, particularly in countries with small or medium GDP under the Partnership for International Infrastructure and Investment (PGI). The government directs these investments to regions of heightened geopolitical or commercial interest to the US.

In military expenditures, the budget designates $4 billion for fostering a “freer, open, and secure Indo-Pacific” alongside $2.1 billion for bilateral and regional foreign assistance programs, including $100 million for military aid to Taiwan, $20 million for the Indo-Pacific Economic Framework (IPEF), and $62 million to support ASEAN. Moreover, the Indo-Pacific Strategy allocates $2 billion to bolster diplomatic presence and initiatives in the region, such as establishing new diplomatic posts in Pacific and Indian Ocean countries.

The budget proposal earmarks $7.1 billion for Micronesia, a region that has become a focal point in the competition between China and the US.

For Central America, the budget also allocates $1 billion for various programs, with an additional $35 million for targeted regional migration management funding. There’s also a provision of $11 billion for climate change financing programs.

The budget further dedicates $231 million to combating terrorism and corruption, $245 million for enhancing FBI infrastructure security, and $5 million for a new Department of Justice security and cyber threat response under the Department of Homeland Security.

Prioritizing nuclear deterrence and “comprehensive deterrence,” the budget includes funds for the ongoing modernization of nuclear weapons infrastructure. Additionally, it proposes a 4.5% increase in military salaries.

The budget also finances “priorities” in Israel, Ukraine, and the Indo-Pacific. Notably, in October 2023, it allocated a total of $92 billion for “emergency national security needs,” including support for the wars in Ukraine and Gaza under the title “strengthening Israel’s defense against terrorism” and for “enhancing regional security in the Indo-Pacific.” This funding, as a response to significant investment requests from American defense industries, supposedly aims at improving military readiness and generating employment across numerous states.

The anti-people, anti-worker budget adds a cherry on top with its final mention of increased funds for NATO and maintaining critical support for Ukraine.