Connect with us


Trump Promises Defense Spending, But May Not Get it



For as long as anyone can remember, the U.S. has always been a military superpower. America leads the world in military spending – and not by a little. But now President Trump has announced that he will raise Pentagon spending by almost 10 percent above the already set budget for next year to restore America’s “depleted” military. But as Trump prepares his first budget proposal, that money has to come from somewhere.

What are the Pros and Cons of Trump’s Proposed Defense Increase?

As with other promises he’s acted on so far, Donald Trump made expanding the military a priority during his campaign. He promised voters an increase in active army troops, Marine Corps battalions, Navy ships, and Air Force fighter jets. Now, he’s looking to act on that promise with what Trump refers to as “a historic increase” in defense spending to “rebuild the depleted military of the U.S. at a time we most need it.”

However, there’s one hiccup with his plan. That money has to come from somewhere. Currently, that plan, which the administration calls an “America First Budget”, would cut that same amount from non-defense agencies, notably the EPA and State Department. But even with cuts to those agencies of $54 billion, Trump would need significantly more money to fulfill his other promises, most notably his border wall and promises of infrastructure spending. On top of that, officials have already stated that Trump will not propose any changes to Social Security and Medicare, which are the two largest drivers of federal spending.

But regardless, Trump can not just pass a budget on his own. Congress has to pass spending bills with 60 Senate votes, meaning that even with control of 52 seats, the GOP must still convince 8 Democrat Senators to pass the proposal. Most likely, Congress will pass some part of the proposal while modifying or removing others.

Watch the news report regarding Trump's defense budget increase from NBC News:

One thing is clear, though. Whether or not his proposal passes, Trump is making the military a priority. Investors should look into publicly traded defense stocks, such as Heico Corp. (HEI, HEI-A), Raytheon Co. (RTN), and General Dynamics Corp., all of which have spiked UP on news of Trump’s announcements, and should continue to rise.

Trump's Chief Strategist, Steve Bannon finally spoke in public since the President's inauguration. See the whole story right here.

Follow us on Facebook and Twitter for more news updates!

The statements, views, and opinions of any article, contribution, editorial, or advertisement in this publication are not necessarily those of The Capitalist or its editorial staff, and are not considered an endorsement, sponsorship, or recommendation of any referenced product, service, issuer, or groups of issuers.

This publication provides general information about certain subjects, and should not be construed or taken as advice (legal, financial, investment, tax, or otherwise). Do not construe or take any information in this publication as a solicitation, offer, opinion, or recommendation to buy or sell any securities, bonds, or other financial instruments or to provide any legal, financial, investment, tax, or other advice or service about the suitability or profitability of any financial instruments or investments.

The Capitalist disclaims any liability for the accuracy of or your reliance on any statements, views, opinions, or information in this publication.




  1. Pingback: AWS Outages Worrisome, But Nothing to Worry About for Amazon

  2. Pingback: Trump's Congressional Speech Points to Brighter Future

  • Lorraine E says:

    Our country’s “Black budget” has an unknown but very substantial amount of money. I would suggest that President Trump not use it because it is funded by illegal drugs and child prostitution, in other words it’s dirty money.
    Money for the military could be made available if President Trump would eliminate the dept of indoctrination (used to be education) and the broken e.p.a. Additional money could also become available from huge cuts to the state dept, BLM, IRS and FDA. Our federal government is so bloated that just eliminating career bureaucrats who “really control our country” and are hell bent on continuing the former president’s agenda would result in huge savings.

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Copyright © 2023 The Capitalist. his copyrighted material may not be republished without express permission. The information presented here is for general educational purposes only. MATERIAL CONNECTION DISCLOSURE: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this page and may receive commissions from purchases you make on subsequent web sites. You should not rely solely on information contained in this email to evaluate the product or service being endorsed. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

Is THE newsletter for…


Stay up-to-date with the latest kick-ass interviews, podcasts, and more as we cover a wide range of topics, in the world of finance and technology. Don't miss out on our exclusive content featuring expert opinions and market insights delivered to your inbox 100% FREE!