'The last supper': How a 1993 Pentagon dinner reshaped the defense industry
On Point with Meghna Chakrabarti
WBUR
4.3 • 3.9K Ratings
🗓️ 1 March 2023
⏱️ 48 minutes
🧾️ Download transcript
Summary
Thirty years ago, a secret dinner at the Pentagon led to a flurry of consolidation in the defense industry. We hear the story of that so-called "last supper" and what it means for the Pentagon's $800 billion budget today. Norman Augustine and Rep. John Garamendi join Meghna Chakrabarti.
Transcript
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| 0:00.0 | The Pentagon's budget is not big enough national debt be damned. |
| 0:10.6 | That is essentially what Republican Senator Mitch McConnell declared yesterday, saying |
| 0:16.2 | if anything substantial increases in the defense budget are in order. |
| 0:20.8 | The defense budget ought to reflect the nature of the threat. |
| 0:24.2 | We have the ongoing challenge of meeting China in the future. |
| 0:29.6 | And clearly in this environment we need to continue to plus up the defense. |
| 0:34.4 | McConnell isn't asking Congress to do anything new. |
| 0:37.6 | The House and Senate have a substantial bipartisan history of plusing up the defense budget. |
| 0:44.2 | Take the most recent omnibus spending package passed in December 2022. |
| 0:48.6 | It's $1.7 trillion. |
| 0:51.7 | The Pentagon alone gets half the pie, a record $858 billion. |
| 0:59.4 | Every other federal agency, together, received a total of $772 billion. |
| 1:05.8 | And by the way, that $858 billion is more than the DOD asked for. |
| 1:11.8 | Congress plused up the DOD's budget by 10%. |
| 1:15.3 | The Biden administration had requested only a 4% defense increase in its budget proposal. |
| 1:20.9 | Meanwhile, that same Congress declined to plus up non-defense spending. |
| 1:26.8 | But crudely, the Pentagon gets more money than it needs without even asking. |
| 1:32.2 | Meanwhile, parents who could use that expanded child tax credit? |
| 1:36.6 | Sorry, you're out of luck. |
| 1:42.6 | This is on point. |
| 1:43.8 | I'm Megna Chakrabardi. |
| 1:45.4 | Back in September of 2021, we did a show trying to understand how money works in the Pentagon. |
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