Ben Gilbert: belief

Transcript context

…I'm not a military strategist, but you mentioned drones. Drones are a thing now, and they're a lot cheaper. Yeah, put a pin in that for the moment. I'll finish rounding out the national defense budget, just to put all this in context of what Lockheed represents here. Our national defense budget in the United States is $800 billion. As you would expect, that's more than any other country in the world. It's 3%–4% of our GDP we spend on defense. Interestingly, it is down on a percentage basis of when you think about the percent of federal revenue spent on defense, it's actually down. Back in the 60s, we spent half of our federal revenue on the military. In recent years, it's fluctuated between 12% and 20%. I think that's a little bit of a counter narrative to people that like to complain about how much money we spend on the military. I guess it is, to the point of consolidation in the Last Supper, the government was clear, we're going to spend a lot less. We're just going to spend it in a much more concentrated fashion.…

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