Government will fight any reduction in its power or resources with everything its got. Dennis Miller interviews Richard Maybury. Many people, including me, happily pay a lot of money for Maybury’s newsletter; this is one of the few times you’ll get his wisdom for free. From Miller at milleronthemoney.com:
President Trump’s agenda calls for one big, beautiful budget bill. Congress deliberately uses shenanigans like ten-year projections to confuse the public. Despite the political BS, in the end the government spends trillions, further increasing the deficit.
For the last half-century our debt, as a percentage of Gross Domestic Product, has grown 400%. If things continue, we will soon be bankrupt.
Congress recently passed “budget resolutions” moving toward Trump’s “One big, beautiful bill.” Both chambers authorized $100 billion+ increases in the military budget.
The Washington Post reports:
“Defense Secretary Pete Hegseth ordered senior leaders at the Pentagon…to develop plans for cutting 8 percent from the defense budget in each of the next five years…— a striking proposal certain to face internal resistance and strident bipartisan opposition in Congress.”
The Pentagon hasn’t passed an audit, accounting for their spending in years. The DOD wants to cut spending, yet Congress wants them to spend more???
Newsmax’s Carl Higbie asked if members of Congress even walk over to the DOD and talk to them.
The 2024 military budget was $884 billion. If Defense Secretary Hegseth hits his target, in five years the budget should be around $583 billion, something most Americans would welcome.
