Military and Defense

Inflation Crisis So Bad Pentagon Had to Issue Warning

Pentagon officials warned that the surge in prices has caused issues for U.S. troops and their families.

Defense Secretary Lloyd Austin referred to rising inflation as a “readiness issue” at a press conference Wednesday where he announced a new program to assist military families to cope with the surging prices. Included in the program are housing allowances and food security assistance.

“This is a readiness issue, and that’s why I am focused on making sure that our service members and our families have what they need to thrive,” Austin said during the press conference.

The housing allowances and other programs “won’t solve all the economic worries that our military families face, but they are important steps and we’re committed to getting this right,” Austin said. It is unclear how much money will be directed to the new programs and where the funding will come from.

“Men and women in uniform and their families have enough to worry about. Basic necessities, like food and housing, shouldn’t be among them,” Austin said.

The Pentagon will increase the allowance for homes in areas that experienced a 10% jump in rental costs during the last year, Austin said. Reimbursements for lodging expenses for military families will also be extended to allow more time to search for a home in places where housing shortages exist.

The department will create an additional program to connect struggling military members with services to assist with housing issues and food insecurity, Austin said.

Prices have surged throughout the country, with the Consumer Price Index surging to a 30 year high, growing 0.9% in October and reaching a year-over-year level of 6.2%.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org

Harry Wilmerding

Share
Published by
Harry Wilmerding

Recent Posts

State Stops Massive Green Energy Land Grab In Its Tracks

Republican South Dakota Governor Larry Rhoden signed a bill Thursday banning the use of eminent…

8 hours ago

Blowin’ Em Away

The legacy Media (CNN, MSNBC, ABC, CBS, NPR, NY Times, etc.) have lost all credibility…

9 hours ago

5 Reasons Why We’re Finally Seeing Democrats Implode

After years of breathtaking incompetence and failure under Joe Biden, Donald Trump decided once again…

9 hours ago

USAID Employees Receive Surprising Directive

The U.S. Agency for International Development (USAID) reportedly initiated a document destruction process as part…

9 hours ago

Nothing Worth Saying

"It is better to remain silent and be thought a fool than to talk and…

9 hours ago

Financial Harmony Is More About Trust Than Money

Dear Mary: My wife and I have been married for three years. She has memorized…

11 hours ago