More bad news for Biden…
According to reports, President Biden has sent record-breaking amounts of aid and munitions to Ukraine —so much, in fact, that the U.S. may be running low on munition stockpiles.
A Bank of America Securities report said that U.S. weapons stockpiles are down to levels not seen in decades.
“As the U.S. continues to provide security assistance to Ukraine, defense primes have been tasked with both meeting newfound demand throughout Europe and restocking U.S. inventories that have dwindled as a result of 20 presidential drawdowns since August 2021,” the report said.
We may not be able to assist Ukraine much longer. From CNBC:
In the U.S. weapons industry, the normal production level for artillery rounds for the 155 millimeter howitzer — a long-range heavy artillery weapon currently used on the battlefields of Ukraine — is about 30,000 rounds per year in peacetime.
The Ukrainian soldiers fighting invading Russian forces go through that amount in roughly two weeks.
That’s according to Dave Des Roches, an associate professor and senior military fellow at the U.S. National Defense University. And he’s worried.
“I’m greatly concerned. Unless we have new production, which takes months to ramp up, we’re not going to have the ability to supply the Ukrainians,” Des Roches told CNBC.
More over at CNBC:
“We need to put our defense industrial base on a wartime footing,” Des Roches said. “And I don’t see any indication that we have.” 🎯https://t.co/y3AfUlPi2D
— Elbridge Colby (@ElbridgeColby) September 29, 2022