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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump wants to add nearly $7 trillion to the $39 trillion national debt with his new military budget, watchdog warns
Budget hawks in Washington have their eyes trained on April 3, when the White House is scheduled to release its fiscal year 2027 budget request, centering on a significant historic defense spending increase to $1.5 trillion. The national debt crossed $39 trillion just weeks ago and is alarming figures as varied as Elon Musk and Jerome Powell.
Musk, the worlds richest man and, briefly, an advisor to the White House who was involved with the Department of Government Efficiency before departing in 2025, put it bluntly at a conference appearance last September: If you look at our national debt, which is insanely high, the interest payments exceed the Defense Department budgetand they keep rising. His conclusion: If AI and robots dont solve our national debt, were toast.
President Donald Trumps response to this situation is to fix the fact that interest payments exceed military budgets by taking out more debt to boost the military budget, according to a top watchdog calculation.
The Committee for a Responsible Federal Budget (CRFB), a nonpartisan fiscal watchdog, estimated Monday boosting the defense budget by the expected amount would increase total defense discretionary spending by $5.8 trillion from FY 2027 through 2036, and add $6.9 trillion to the national debt once interest costs are factored in. The group noted the projection was revised upward from an earlier estimate owing to an additional year in the budget window and higher prevailing interest rates.
https://www.msn.com/en-us/money/markets/trump-wants-to-add-nearly-7-trillion-to-the-39-trillion-national-debt-with-his-new-military-budget-watchdog-warns/ar-AA202ijy
Donny doesn't care. It's not his money and he'll be dead soon.
And Elon, do some more ketamine and STFU. AI and robots are not our salvation.
FoxNewsSucks
(11,718 posts)It won't even hurt the billionaires and corporations that own the Republicon party.
They'll just raise taxes on people who work for a living, and eliminate government services we need to pay for it.
delisen
(7,377 posts)We will need to cut steadily over the next 12 years as we invest in our citizens, our workers, our infrastructure and our planet make initial cuts and plan for the .
in the next few years Western Europe will be building their military and taking over their own defense from the US, so it is best we use this opportunity to plan and build a livable society.