Covert Action Magazine | Jeremy Kuzmarov
S. President Donald Trump has signed off on the first-ever trillion-dollar military budget.
When the White House Office of Management and Budget (OMB) released its budget request for fiscal year 2026 in May, it included a base defense request of $892.6 billion, plus a $119.3 billion allocation of additional resources from the Republican-controlled Congress’s budget reconciliation bill.
On July 4, Trump signed the so-called “One Big Beautiful Bill Act” which, according to the Council on Foreign Relations, solidified the $1 trillion defense budget.
The act also cuts funding for Medicaid and food stamps, and mandates tax cuts for Corporate America and the wealthy, thus adding $3.4 trillion to the national debt, according to a Congressional study.[1]
Subsidizing “an emerging military and nuclear technology wish list,” the “One Big Beautiful Bill Act” allocates $12.8 billion for Trump’s Golden Dome initiative, a promised missile defense shield modeled after Reagan’s ill-conceived Strategic Defense Initiative (ie. Star Wars).
$29 billion is further allocated to enhance Pentagon resources for domestic shipbuilding, $1 billion to secure the southern border, and tens of billions for autonomous weapons, and an expansion of nuclear-weapon modernization and space capabilities.
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