President Trump proposes hike to Pentagon budget

President Trump proposed to hike the Pentagon’s budget from $901 billion in 2025 to $1.5 trillion for 2027 yesterday. “This will allow us to build the ‘Dream Military’ that we have long been entitled to and, more importantly, that will keep us safe and secure, regardless of foe,” Trump posted on Truth Social. He added that he feels comfortable boosting spending on the military because of increased revenue brought in through tariffs. Yet the Penn Wharton Budget Model projects only $566 billion in conventional tariff revenue for 2027. A $600 billion increase in military spending would increase the federal government’s budget deficit, which currently represents about 6 percent of the nation’s gross domestic product.