Divided Senate Approves Huge Two-Year Military Budget

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$2.78 trillion plan spends more on military than anything else
Passed last week in a 284-149 vote in the House, split heavily along party lines, the two-year compromise budget deal reached between President Trump and Democratic leadership has passed the Senate Thursday, 67-28.

The $2.78 trillion ($1.48 trillion military spending) measure lifts the cap on the size of the US debt. This is an increase over the already-passed NDAA for 2020, and military spending will now outpace the entire rest of discretionary spending. 

Since the expansion of the debt amounts to spending more money that the government flat out doesn’t have, this legislation also authorizes the Treasury Department to issue more debt in the form of bonds to raise money to cover the difference.

This compromise being between Trump and the Democrats, the Senate bill passed heavily on Senate Democrats’ support, while the vote among Senate Republicans was 30-23, with many objecting to the growing debt. 

Despite debt concerns, Republican hawks broadly voted in favor of this bill, because it was a spending increase, and as Sen. Mitch McConnell (R-KY) said that’s the “number one priority” for Republicans. Even then, a number of them were grousing about the fact that the spending on the military could’ve conceivably been even higher.

  • Greeley Miklashek

    So, 53% of the budget just approved by Congressmen and women rushing home for Summer Vacation is for our already massively bloated MIC driven military? God save us! Go Bernie and Elizabeth!

  • The U.S. Federal debt is beyond the stage of possible repayment. The U.S. will either default or engage in a major war. The default can be engineered by printing so much money that the existing Treasury bond holders essentially hold worthless investments or by simply not making the interest payments on the debt burden. The former gets my bet – China may help that along by further divesting itself of the Treasury bonds it holds. China will take a financial hit but they appear to be in a better position to absorb it than the U.S. Anyone who holds bonds (Treasury or Corporate) may want to re-evaluate their investment portfolio – even the Bank of International Settlements is acknowledging the existence of a Bond Bubble. A global slowdown is in progress too – yes, an equities bubble has been created as well. If you’re an investor, you may want to seriously start thinking about reducing your bond, stock, and cash (dollar) positions (JP Morgan just advised their $20 million plus clients to halve their dollar positions) and shore up with metals like gold.
    Unfortunately, the substantial increase in the military budget sends a strong signal from the U.S. government that war as a “solution” is absolutely on the table. Sides are already being chosen both economically and militarily (Pakistan, Turkey, Iran, Iraq, Venezuela, and the Philippines have linked up with the Russia-China Team) (Britain, France, Taiwan, Israel, Saudi Arabia, and Brazil have linked up with the U.S.). Interestingly, it appears the UAE and Germany are on the fence; India and Japan may also be vacillating. Stating the obvious – these are very dangerous times. Diplomatic solutions are still an option but it’s looking less and less like the U.S. is interested in going this route. A major anti-war movement may help restore some sanity – it’s certainly worth a try.

  • chetdude

    “Compromise” my a**!

    Welfare for the MIC and Wall Street…piss on that!

    Heaps of SHAME on ANY “Democrat” who voted for it…

  • chetdude

    The commercial fiction that is the “United States of America” (an Oligarchy) is already well on the path to suicidal disintegration.

    It’s only a matter of time – I’d say a few decades…

  • imp022 .

    You’re better off supporting Tulsi when it comes to military matters. Don’t forget that Warren wanted to be Hillary’s V.P. Only Tulsi stepped away form the DNC when they shafted Bernie.

  • Greeley Miklashek

    Go Bernie and Elizabeth!

  • honky1

    Tulsi voted for the budget. Another phony politician

  • chetdude

    No, Rep. Gabbard DID NOT vote for the bloated war budget.

    The lies against Tulsi Gabbard continue. Which part of the military machine do YOU work for?

    Tulsi Gabbard voted NO on the US military budget!
    www dot youtube dot com/watch?v=Vyh78vujKmI

    Tulsi wins 2nd Debate:
    youtu dot be/SfGZEOMbaD8

  • chetdude

    My favorite ticket is Sanders/Gabbard — Sanders the master at the bully pulpit, Tulsi to tell the generals and admirals where to go.

    With Warren as Attorney General with the goal of going after the monopolies.