Trump Is Right – Cut Everything, Even the Bloated Defense Budget
President Trump made a very strong statement on Feb. 13 which will be revolutionary in nature if he can carry it out.
He said there is no reason that we should be spending a trillion dollars a year on the military and that we should cut defense spending in half.
He also said we should not be building any more nuclear weapons when we already have enough to destroy the world 50 or 100 times over.
Trump added that he hoped to get commitments from Russia and China to do the same.
He said: “There’s no reason for us to be building brand new nuclear weapons, we already have so many. You could destroy the world 50 times over, 100 times over. And here we are building new nuclear weapons, and they’re building nuclear weapons.”
Barron’s, the leading business publication, reported the statement under this headline: “Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved.”
The next day defense stocks had their biggest one-day drop ever. Four days later, on Feb. 17, Newsweek reported that Washington, D.C., housing prices “are being slashed as the efforts of Donald Trump and Elon Musk to shrink the size of the U.S. federal workforce have employees uncertain about their future.”
Trump’s statement was made when discussing upcoming talks with Russia and Chi
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
