“Budget,” the current buzz word in Washington, D.C., applies to both the Bipartisan Budget Act of 2018 and the president’s budget request for fiscal 2019.
On Feb. 9, Congress passed and the president signed, the Bipartisan Budget Act of 2018 (H.R. 1892), a two-year deal that raises discretionary caps for fiscal years 2018 and 2019 by $296 billion.
Defense spending caps will be increased by $80 billion in fiscal 2018, setting the cap at $629 billion.
Add the overseas contingency account and the total discretionary spending for defense will rise to $700 billion. For fiscal 2019, the caps will be...