Funding the outstanding military budgets before Democrats take over majority control of Capitol Hill is critical to “signal long-term financial commitments” in defense, Marc E. Andersen, the assistant secretary of the Army for financial management and comptroller, writes in an op-ed for The Washington Times.
“National security leaders often cite the ‘Arsenal of Democracy’ as the pinnacle of defense-industrial base mobilization,” according to Mr. Andersen, who argues that private capital will be as essential as taxpayer funding.
“We need the full might of American capital — private equity, venture capital, private credit, infrastructure funds, pension funds, insurers and public markets — mobilized alongside American industry in the national interest,” he writes, although he added that “private capital cannot, and should not, replace congressional appropriations.”