KEY POINTS

  • Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.
  • Trump has sent mixed messages on military spending throughout his 2024 campaign and in the early days of his presidency.
  • Sc00ter@lemm.ee
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    6 days ago

    Have you ever read the unclassified annual threat assessment? There is an official report the intelligence comminity puts out every year detailing what other nations are doing around the world. And that’s just what theyre allowed to tell us.

    Ive read it, and if you look at what they detail out for chinas militarzation moderniation plans, theres not many reasons theyre doing what theyre doing unless to compete with the USA. Not to mention, chinas going faster than what originally was thought, and theyre becoming less reliant on other nations to do it. Thats just 1 nation. The usa has stuck its nose in too many peoples business that if they stop the arms race, there could be a lot of nations coming knocking. Weve painted ourselves into a corner (or at least have the perception of it).

    Edit: all that said, theres definitely ways to be more fiscally responsible with our military spending… just look at the f35 or the sentinel program