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“Despite defense spending levels that, in constant dollars, are higher than the peak of the Reagan build-up, America’s defense capabilities can now be characterized as an ‘ever-shrinking fighting force,’” he said Thursday during a talk at the American Enterprise Institute on his new book, “The Ever-Shrinking Fighting Force.”

During Mr. Trump’s tenure, the military budget has increased about 15 percent, reaching $705 billion in the most recent fiscal year, one of the highest levels in constant dollars since World War II.

Since the 1970s, wages in constant dollars have either declined or remained flat, even as the concentration of individual and corporate wealth accelerated dramatically.

His January budget proposal earmarked $9.2 billion for the Department of Developmental Services in 2020-21, nearly double the state’s spending a decade ago of about $5.5 billion in constant dollars.

In constant dollars, the Park Service budget today is $200 million a year less than it was a decade ago.