I'll have more to say about why this is a catastrophically bad move, but for now let's just leave this here:

freebeacon.com - Sinking our future bidens budget cuts funds to u s navy as china ramps up shipbuilding

President Joe Biden's 2024 budget proposal would deal a massive blow to the already strained American Navy'the White House wants to prematurely retire eight ships and two combat vessels. By taking these ships out of action, the Navy would lose more than 600 vertical launch missile systems'a missile capability that serves as the primary deterrent to Chinese military attacks in the Pacific, according to congressional research provided to the Washington Free Beacon.

Now, most budgetary exercises with respect to the military end up being full of bluff: the Air Force always says they want to retire the A-10, and magically enough money is always found to fund whatever other thing they want *and* they A-10. Of course, one day a Wise President will call their bluff and say to them, "Fine. You don't want the A-10? I'm transferring all the planes, pilots, and support crews over to the Army today". The bluff would end right there.

I'll be charitable and say that Biden doesn't really want these cuts and that they know the GOP-led House won't go for it, but who knows.

Details on the ships being cut; I actually don't have a problem with reducing the old Ticonderoga class cruisers. Those could and should be replaced with more Arleigh Burke destroyers. And the Littoral Combat Ships are pieces of sh1t:
news.usni.org - Secnav cno pushing plans to decommission warships in fiscal year