The Hill: Trump to seek $750B for military in budget: report
President Trump reportedly plans to ask for an overall defense budget of approximately $750 billion in 2020, including a Pentagon budget of $718 billion.
CNN, citing two unidentified U.S. officials, reported that Trump will ask for about $544 billion for the base defense budget and another $9 billion for an "emergency" fund.
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WNU Editor: A 4.7 trillion dollar budget. Try to digest that. The media narrative is to focus on the proposed defense budget increase and a few billion for the wall. As for the remaining $3.87 billion in the budget, the narrative is that it is a massive 5% cut (it is not), and that taxes must be raised to pay for it (which has never been the case in the past). It is also predicated on the hope that the U.S. economy will continue to grow as it has for the past two years. I hope that this is what happens, but many in the Republican Party and the entire Democrat Party are advocating policies that I know will stifle the growth that America needs to cover all of this spending. Bottom line. One day there is going to be a day of reckoning for all of this, and I hope that I am not around when it happens.
More News On The White House's Proposed 2020 Budget
At advent of ambitious mod plan, US Army seeks $190B in FY20 -- Defense News
New defense budget request: $9 billion in emergency funds, cuts for Europe -- Defense News
White House proposes 3.1% pay raise for military -- Military Times
Trump's 2020 Budget Requests $750Bln for Defence Spending, Up 4.7% From 2019 -- Sputnik
Trump’s $750 billion defense budget prepares ground for bitter battle with Hill Democrats -- Jamie McIntyre, Washington Examiner
What will be expected from the FY2020 defense budget? -- Jeff Martin and Aaron Mehta, Defense News
With budget, Trump throws opening jab in next funding fight with Congress -- Reuters
Trump’s record $4.7 trillion budget relies on strong growth -- AP
2 comments:
Agreed the hurt will be global and unpleasant in the extreme. The United States will no doubt be something far different after the dollar collapse. Incidentally the demand for T-bills among foreigners has been dropping over the last few years. With an ocean of new debt coming ashore, Americans will have to be found to buy this debt. That takes cash from productive investments in the private sector.
Not good if you want a strong 3-4% growing GDP.
How retarded war comes from hell so stay out or else foolish taxpayers and voters see what you're doing the the insane
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