Dimon Urges More Military Spending to Sustain US Global Leadership, Despite Massive Costs

Dimon calls for increased military spending to ensure America's global leadership, despite earlier criticism of government deficit spending.

U.S. military budgets are already enormous, totaling over $800 billion in 2023, with total war-related costs over $2 trillion since 2001.

Wars since 2001 have largely been debt-financed rather than funded by taxes and bonds as in the past. Interest costs exceed $1 trillion.

High military spending helps secure America's superpower status but is economically unsustainable and environmentally damaging.

Dimon also champions diversity initiatives and interconnected foreign, economic, and security policies for continued global leadership.