US Military Spending on Brink of $1.5 Trillion, President Trump Warns.
In a stunning move, US President Donald Trump has proposed a massive 66% increase in military spending to a staggering $1.5 trillion by 2027, citing "troubled and dangerous times." The proposal is part of an effort to bolster the country's defenses amid rising tensions with adversaries like Venezuela, Cuba, and other nations.
The current defense budget stands at $901 billion, which Mr. Trump claims is insufficient to keep the US safe and secure. He has called for a "Dream Military" that will enable the US to project its power and influence globally without fear of reprisal.
However, not everyone is supportive of the proposal. Democrats are likely to push back against the increased spending, citing concerns about deficit inflation and reducing non-defense spending. On the other hand, some members of Congress who advocate for fiscal responsibility may struggle with the idea of increasing military spending by such a significant margin.
According to estimates, the recent GOP bill, which included tax breaks and spending reductions, has contributed an additional $175 billion in Pentagon funding. The new proposal is expected to face opposition from lawmakers who are already wary of deficit expansion.
In related news, President Trump has issued a warning to defense contractors, particularly Raytheon, a major manufacturer of military equipment. He has threatened to cut off future business with the company unless it ends its practice of stock buybacks and invests more in developing new military technologies.
Industry experts say that this move is aimed at addressing concerns about supply chain delays, component shortages, and other issues affecting US defense readiness. The Trump administration has sought to build up the country's military capabilities, following a series of high-profile conflicts, including those with North Korea and Iran.
As tensions rise globally, Mr. Trump's proposal highlights the complexities and challenges involved in securing the nation's interests through military spending.
In a stunning move, US President Donald Trump has proposed a massive 66% increase in military spending to a staggering $1.5 trillion by 2027, citing "troubled and dangerous times." The proposal is part of an effort to bolster the country's defenses amid rising tensions with adversaries like Venezuela, Cuba, and other nations.
The current defense budget stands at $901 billion, which Mr. Trump claims is insufficient to keep the US safe and secure. He has called for a "Dream Military" that will enable the US to project its power and influence globally without fear of reprisal.
However, not everyone is supportive of the proposal. Democrats are likely to push back against the increased spending, citing concerns about deficit inflation and reducing non-defense spending. On the other hand, some members of Congress who advocate for fiscal responsibility may struggle with the idea of increasing military spending by such a significant margin.
According to estimates, the recent GOP bill, which included tax breaks and spending reductions, has contributed an additional $175 billion in Pentagon funding. The new proposal is expected to face opposition from lawmakers who are already wary of deficit expansion.
In related news, President Trump has issued a warning to defense contractors, particularly Raytheon, a major manufacturer of military equipment. He has threatened to cut off future business with the company unless it ends its practice of stock buybacks and invests more in developing new military technologies.
Industry experts say that this move is aimed at addressing concerns about supply chain delays, component shortages, and other issues affecting US defense readiness. The Trump administration has sought to build up the country's military capabilities, following a series of high-profile conflicts, including those with North Korea and Iran.
As tensions rise globally, Mr. Trump's proposal highlights the complexities and challenges involved in securing the nation's interests through military spending.