this post was submitted on 13 Feb 2025
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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.
(page 2) 50 comments
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[–] driving_crooner 12 points 1 week ago (2 children)

They're going to 25 him if he goes close to do it.

[–] nova_ad_vitum@lemmy.ca 6 points 1 week ago (2 children)

More than this, the idea that the US will reduce defense spending at the same time as others are increasing it is laughable. The whole "NATO has to start pulling it's weight" thing will result in US military power diminishing vs the rest of the world and will result in more US military spending in the long term, not less.

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[–] Spacehooks@reddthat.com 11 points 1 week ago (2 children)

Been saying it, dude is a gene stealers cultist trying to weaken the country.

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[–] Tylerdurdon@lemmy.world 10 points 1 week ago (1 children)

Sure, piss off the industrial war machine. WCGW?

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[–] originalucifer@moist.catsweat.com 9 points 1 week ago (1 children)

holy shit the stopped clock is on the correct time. too bad it wont actually happen

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[–] Opisek@lemmy.world 8 points 1 week ago (1 children)

Infinitely many monkeys on infinitely many typewriters with infinitely much time.

We are the monkeys. Look at what we’ve done.

[–] M0oP0o@mander.xyz 8 points 1 week ago

"I am going to take over the world"

"And they will pay for it"

-Some idiot apparently

[–] Pacattack57@lemmy.world 8 points 1 week ago

Good time to buy then. He already pledged to increase funding to Israel. Just need to research what company supplies the most weapons for them and invest there.

[–] lmuel@sopuli.xyz 8 points 1 week ago

Realistically speaking... Is anything gonna happen?

Fuckers are just gonna invest as always, capitalism knows no morals.

[–] bitjunkie@lemmy.world 7 points 1 week ago

HAHAHAHAHHAHA

This fuckin timeline, man…

[–] sudo@programming.dev 7 points 1 week ago

In case y'all forgot Trump's last term, his general pattern is to constantly announce insane plans and only follow through on a fraction of them. Cutting the pentagon's budget in half is one of the distractions. Some General will dandy himself up in his class A and jingle some blueprints for a useless wunderwaffe and the defense budget will go up.

[–] 5714@lemmy.dbzer0.com 6 points 1 week ago (1 children)

Tariffs, military spending, deportations, fossil fuels - did he fire his economics person?

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[–] Marleyinoc@lemmy.world 6 points 1 week ago (1 children)

If Trump fucks with the rich folks - those who have their hands in the pocket of our tax dollars - we'll be talking about President Vance next week.

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[–] A_A@lemmy.world 6 points 1 week ago (1 children)

Could it be a power move to pressure the military and try to have it approve fascism ?

also: defense in USA ~3% of GDP

https://en.m.wikipedia.org/wiki/United_States
The United States of America (USA), (...) is a country (...)
https://en.m.wikipedia.org/wiki/United_States_federal_budget
2024 GDP $29.168 trillion
2023 defense ~$0.8 trillion (~2.74% of GDP)
...so, above the 2% NATO target.

[–] adarza@lemmy.ca 8 points 1 week ago (1 children)

just last month lord diaper reiterated again that nato members should be spending five percent gdp on defense (up from the treaty's two percent). he's been whining about this one for like a decade now.

now he wants to spend less than even that two percent.

i think someone in the admin shorted some defense stocks, and this asinine statement is just to make a quick buck.

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[–] ctkatz@lemmy.ml 5 points 1 week ago

i agree.

our defense budget is larger than the next 9 defense department equivalents in the world combined.

[–] outerspace@lemmy.zip 4 points 1 week ago (1 children)

Why would defence have a "stock"

[–] TehWorld@lemmy.world 8 points 1 week ago (2 children)

Defense contractors are mostly publicly traded companies. Raytheon, Lockheed, Boeing etc.

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[–] ristoril_zip@lemmy.zip 4 points 1 week ago

I just don't even know how I'd react if he successfully cut the defense budget in half. Would i have to join MAGA at that point?

Because... yeah, I hate everything he's done or let others do so far. His Cabinet is/ will be a nightmare. I assume this defense cut would come with more egregious tax cuts for the billionaire class.

But cutting that much from our stupid war budget ... man that's such a nice thing to get...

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