Vladimir Putin has revitalised the world’s democracies and strengthened NATO’s resolve, President Joe Biden told an audience in Warsaw on March 26th. Two days later he submitted a budget to Congress that included $813bn in defence spending. He called it “one of the largest investments in our national security in history”. Among other things, Mr Biden said, it was intended “to forcefully respond to Putin’s aggression against Ukraine”. In Europe, meanwhile, many NATO allies are beefing up their forces even faster. Will the Weapons Budget be effective?

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