In Defense of Defense: Keep the Money Coming

By Jason Simpkins / August 15, 2023 / www.outsiderclub.com / Article Link

Last week, the Biden administration asked Congress for a $40 billion supplemental spending package to fund disaster relief, border security, and more aid to Ukraine.

Disaster relief and border security are unlikely to spur much resistance, but a small cadre of Republicans will almost certainly balk at the $13 billion in military aid earmarked for Ukraine.

I think that's pretty crazy especially when you consider that $9.5 billion of that $13 billion will go toward backfilling the American weapons, equipment, and ammunition that have already been dispatched to the embattled country.

I know I'm biased.

It won't surprise anyone that the guy with a portfolio full of defense contractors and war-fighting technology stocks thinks America should continue to pour money into the Pentagon.

But besides fretting about the sheer volume of America's debt burden, which hypocritical politicians and doomsday preppers have been doing for decades, can anyone give me a good reason why we shouldn't?

Because I can give you numerous reasons as to why we should support defense, now more than ever.

Just to name a few:

It's a vital pillar of the economy.It leads to life-changing technological advances.It safeguards U.S. sovereignty and interests. It puts pressure on our adversaries. It increases global stability. We've got the money.

Recent News

Mining sector far outpaces tech over past three years

September 21, 2026 / www.canadianminingreport.com

Gold stocks down with GDXJ outperforming on rebalancing

September 21, 2026 / www.canadianminingreport.com

Copper slides as US apparently wavering on tariff hikes

September 14, 2026 / www.canadianminingreport.com

Historically huge distortion in global copper inventory balance

September 14, 2026 / www.canadianminingreport.com

Gold stocks pause along with metal price

September 07, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok