00:00President Trump is asking for a 66% increase in defense spending to build what he calls a dream
00:05military. Spending for 2026 is set to eclipse $900 billion, and the president wants another
00:11$599 billion on top of that next year, making the grand total well over a trillion. While the move
00:18drew cheers from defense hawks, it faces an uphill battle unless cuts can be found elsewhere given
00:24last year's $2.2 trillion increase to the national debt. The president says revenue from his tariffs
00:31inspired this proposal. And stocks for defense contractors soared on the news, even as the
00:37president included some tough talk for the executives that run those very companies.
00:41In a Truth Social post, he claimed investor dividends and CEO pay packages were too high,
00:47preventing reinvestment into manufacturing and development, writing, quote,
00:50this situation will no longer be allowed or tolerated.
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