The aircraft carrier USS Ronald Reagan (CVN 76) transits the Pacific Ocean with ships assigned to Rim of the Pacific (RIMPAC) 2010 combined task force as part of a photo exercise north of Hawaii. US Navy photo by Mass Communication Specialist 3rd Class Dylan McCord
Eric Pianin, The Fiscal Times: Here's how much Trump's plan for a bigger Navy will cost
President-elect Donald Trump has vowed to maintain a naval fleet of 350 ships as part of a historic buildup of the U.S. military, but his ambitions come with a stiff price tag.
“Our Navy is the smallest it's been since World War I,” he said during a campaign stop last October in the Philadelphia Navy Yard. “My plan will build the 350 ship Navy we need. This will be the largest effort at rebuilding our military since Ronald Reagan, and it will require a truly national effort.”
The Navy on average has spent $15.9 billion annually on ship building over the past three decades, according to a new report by the Congressional Budget Office (CBO). In order to meet the Republican president-elect’s goal, the navy shipbuilding account would have to be boosted to $25 billion a year, 60 percent higher than the historical average.
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WNU Editor: Bottom line .... it is not going to be cheap.
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