A very interesting read. Unfortunately, so much is true.https://t.co/ER2BoM765M— Donald J. Trump (@realDonaldTrump) December 10, 2016
Patrick Watson, Business Insider/Mauldin Economics: Trump can't slash the defense budget even if he wants to
This month, President-elect Trump annoyed some people when he criticized two top defense contractors on Twitter.
Wall Street isn’t used to presidents publicly criticizing major US companies. The tweets caused shares to tumble a few points for both Boeing (BA) and Lockheed Martin (LMT), which makes the F-35 fighter planes.
The stocks recovered quickly, but the sudden moves gave traders a few frantic minutes.
Within the same week, Trump also shared a Washington Post article about a study that exposed enormous bureaucratic waste at the Pentagon.
Read more ....
WNU Editor: It is always difficult to cut or alter a government program .... the defense budget is just one of them. But the President can always start a trend that will .... over time .... significantly change the direction that a program has been going through in the past few years. Will a President Trump be serious in examining how the Pentagon spends its money is something that I do not know .... but I hope that he at least tries.
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