What time is it in America? “This is a 1939 moment. Or, hopefully, a 1981 moment. A moment of mounting urgency,” Defense Secretary Pete Hegseth recently said. He is right about the gathering threats to America’s national security. But the lesson of 1939 is that fighting war is far costlier than deterring it. Defeating the Axis powers saw U.S. defense spending hit 37% of gross domestic product.
The defense budget request for fiscal 2026 from the Office of Management and Budget shows America risks forgetting this hard-won lesson. If our goal is to make this a “1981 moment”—as in the first year of the Reagan administration, when under-investment in the U.S. military was turned around—we must deliver more consistent support for defense. President Reagan’s peace-through-strength Cold War budgets allocated about twice as much as we spend now as a percentage of GDP. Today, in the face of many significant adversaries, spending more on defense is simply necessary. It must not be controversial.
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