U.S. Defense Contractors Should Love the CR
Under the House approved (and soon to be Senate approved), Continuing Resolution (CR), Elon Musk’s D.O.G.E. savings essentially get allocated to the Defense budget rather than going toward paying down the $36 Trillion of Public debt. Big mistake.
The CR is a wonderful example of left pocket, right pocket fiscal spending slight of hand.
Speaker Johnson and President Trump have made D.O.G.E.’s job more difficult by locking in Biden Administration-level spending, which will translate toward further Dollar devaluation and a lower standard of living for Americans.
U.S. Defense contractors should be happy. Here is a list of the largest Defense Contractors. They should be your “longs” for the foreseeable future.