"President Trump's proposal yesterday to increase the Pentagon's budget to $1.5 trillion for 2027 would push defense spending to its highest levels since the end of the Cold War, Axios' Colin Demarest writes.
Why it matters: Trump is betting on Cold War-scale spending to build a "dream military" for a new era of great-power competition.
Trump's proposal easily clears previous defense budgets by hundreds of billions of dollars, a move that will likely satisfy congressional hawks.
It would be the largest Pentagon budget as a share of GDP since 1990, the year after the Berlin Wall fell.
Last month, Congress passed a $900 billion defense bill for this fiscal year.
Zoom in: The blueprint if it's even that detailed coincides with two brand-name initiatives now underway:
Golden Dome, a hemispheric missile shield.
Golden Fleet, a revamping of warships (including one named after Trump) and the yards that build them."
Axios
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