Jamie Dimon Urges More Military Spending, Despite Soaring Costs and Debt
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Jamie Dimon calls for increased military spending to ensure America's leadership, despite earlier criticism of government debt.
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U.S. spends over $800 billion on defense annually, accounting for 39% of global military spending. Total war costs since 9/11 top $2 trillion.
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Wars since 9/11 largely paid for by borrowing, not taxes and bonds like in the past, adding $1 trillion+ in interest costs.
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High military spending helps secure America's spot as global power but raises economic and environmental concerns.
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Dimon also doubles down on diversity initiatives despite growing backlash from far-right politicians.