Clifton Says Defense Is the New Quantitative Easing

The transcript discusses the start of September and the significant fiscal challenges facing Washington, including potential government shutdowns and debt ceiling issues. It highlights the impact of current events like North Korea and floods on these challenges. The discussion suggests that these issues may lead to increased defense spending, drawing parallels to historical figures and past defense budgets. The geopolitical landscape, with threats from countries like Iran and North Korea, is compared to the Cold War era, indicating a need for substantial investment in defense and potential military responses.

What are some of the key issues facing Washington at the start of September?

• North Korea, floods, and fiscal agenda

• Rising inflation and unemployment

• Healthcare reform and education policy

• Trade agreements and environmental policies

What is the potential impact of geopolitical events on the U.S. defense budget?

• It may increase significantly as a response

• It will remain the same as previous years

• It will be redirected to healthcare spending

• It will likely decrease due to budget cuts

Which historical figures are mentioned in relation to defense spending?

• President Lincoln, President Roosevelt, Senator McCain

• Senator Kennedy, Senator Baker, John Stennis

• Senator Clinton, Senator Obama, Senator Sanders

• President Washington, President Jefferson, Senator Adams

What is the estimated future defense budget over the next 10 years?

• $1 trillion

• $1.5 trillion

• $500 billion

• $800 billion

Why might the U.S. president remain silent on North Korea?

• To avoid escalating tensions

• Due to lack of information

• To focus on domestic issues

• To prepare for the UN meeting