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Transcripts For FOXNEWSW Forbes On Fox 20170812 15:00:00

And economy r they right . Hi, everybody, im david asman, lets focus with mr. Steve forbes, elizabeth, sabrina and bruce jackson, steve, spend more . Dave, unfortunately we will have to spend more and a lot more under barack obama the budget declined, a couple of hundred billion dollars, trump is increasing it but not nearly enough, we need more ships, we need more equipment and we need to maintain what we have which we havent done in recent years, we also need radical reform of procurement system which wastes 25 billion a year. A lot has to be done. John, look at the percent of gdp that we spend in Military Hardware, it has come way down. We had the Peace Dividend during the clinton years after the end of the soviet union, thats when the big dip happened and we built up after 9 11 and its come down again. Coming down from a very high level. Even now we spend more on the military annually than the next seven largest spending countries combined. David theyre not spending a lot, john. I

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Transcripts for FOXNEWS The Ingraham Angle 20240604 07:20:00

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