As we celebrate Veterans Day this year during the 50th anniversary of America’s all-volunteer force, growing concerns about the federal debt, a looming budget impasse and a crisis in military recruiting prompt us to call attention to the causes and consequences of the immense growth in the budget for the U.S. Department of Veterans Affairs in recent years. From 2000 to 2022, the overall VA budget grew from $76 billion to $267 billion despite a 28 percent decline in the veteran population over the same period. As a result, annual spending by the U.S. Department of Veterans Affairs per veteran has almost quintupled, from $3,000 to $14,300. Some of this growth has been driven by an aging
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