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The Tom Woods Show

Ep. 923 The U.S. Military Budget: Throwing Money Out the Window

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 2 June 2017

⏱️ 27 minutes

🧾️ Download transcript

Summary

Donald Trump has asked for a $54 billion increase in the military budget. That's an opportune moment to revisit how much the U.S. government already spends, what precisely it's spending the money on, and what it has to show for it all.

Show notes for Ep. 923

Transcript

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0:00.0

The Tom Woods Show, episode 923.

0:03.4

Prepare to set fire to the index card of allowable opinion.

0:08.0

Your daily dose of liberty education starts here, the Tom Woods Show.

0:14.1

Folks join Bob Murphy and me for the Libertarian event of the year, the Contra Cruise.

0:20.3

And this year, we're joined by special guests,

0:23.5

including the great Scott Horton, the foreign policy expert you love from the Tom Wood's show.

0:29.4

It's filling up faster than ever, so book right now at contracruise.com.

0:36.1

Hi everybody, Tom Woods here. Talking today about the military budget, man,

0:40.2

this thing just keeps going up and up. It's almost as if there are certain vested interests that

0:46.1

want to keep increasing the military budget. Well, we're going to talk about the details here,

0:51.5

get into some of the numbers and what's going on with William Hartung,

0:55.9

who is the director of the Arms and Security Project at the Center for International Policy.

1:01.1

He just wrote a very good article on this subject of the military budget and the numbers and

1:07.5

where the money's going and very important questions like that. So you're definitely

1:12.3

going to want to read the article. We'll link to it on the show notes page. He's also the author of

1:16.8

Prophets of War, Prophets, P-R-O-P-H-E-T-S, but as you'll see, it could go either way.

1:23.8

Prophets of War, Lockheed Martin, and the Making of the Military Industrial Complex. Bill,

1:29.9

welcome to the show. Well, thanks for having me. It seems that no matter what happens, no matter what

1:35.4

happens, no matter who it is, no matter what the promises are, we get a bigger military budget.

1:40.9

Now, in this case, Donald Trump promised that he was going to increase the

1:44.2

military budget. And I think most people who knew anything about the subject were just shaking their

1:49.1

heads in utter disbelief. What possible reason would you have for doing this, given when you compare

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