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Today, ahead of the Senate's consideration of a proposed $740.5 billion military budget authorization, Senator Bernie Sanders (I-Vt.) took to the Senate floor to call for a 10% cut in annual Pentagon spending to invest in education, health care and poverty reduction in America's most marginalized communities.
Today, ahead of the Senate's consideration of a proposed $740.5 billion military budget authorization, Senator Bernie Sanders (I-Vt.) took to the Senate floor to call for a 10% cut in annual Pentagon spending to invest in education, health care and poverty reduction in America's most marginalized communities.
Sanders' amendment to the National Defense Authorization Act, cosponsored by Sen. Ed Markey (D-Mass.), Rep. Mark Pocan (D-Wis.) and Rep. Barbara Lee (D-Calif.), would take the $74 billion in annual savings from Pentagon cuts--which exempt salaries and health care of military personnel--to create a federal grant program to fund health care, housing, childcare and educational opportunities for cities and towns experiencing a poverty rate of 25% or more.
"At this pivotal moment in American history," said Sanders, "we have to make a fundamental decision. Do we want to spend billions more on endless wars in the Middle East, or do we want to provide decent jobs to millions of unemployed Americans here at home? Do we want to spend more money on nuclear weapons or do we want to invest in decent jobs and childcare and healthcare for the American people most in need?"
The statement was carried live on the Senator's social media channels and can be viewed on Twitter or Facebook.
The Senator's prepared remarks are as follows:
"Mr. President, if there was ever a moment in American history when we needed to fundamentally alter our national priorities, now is that time.
Whether it is fighting against systemic racism and police brutality, transforming our energy system away from fossil fuel, ending a cruel and dysfunctional healthcare system or addressing the grotesque level of income and wealth inequality in our country - now is the time for change, real change.
And when we talk about real change it is incredible to me the degree to which Congress continues to ignore our bloated $740 billion defense budget - which has gone up by over $100 billion since Trump has been in office.
Year after year Democrats and Republicans, who disagree on almost everything, come together with minimal debate to support an exploding Pentagon budget which is now higher than the next 11 nations combined, and represents more than half of our discretionary spending.
Incredibly, after adjusting for inflation, we are now spending more on the military than we did during the height of the Cold War or during the wars in Vietnam and Korea.
This extraordinary level of military spending comes at a time when the Department of Defense is the only agency of our federal government that has not been able to pass an independent audit, when defense contractors are making enormous profits while paying their CEOs exorbitant compensation packages, and when the so-called "War on Terror" will end up costing us some $6 trillion.
I believe this is a moment in history when it would be a good idea for all of my colleagues, and the American people, to remember what former Republican President Dwight D. Eisenhower said in 1953. And, as we all recall, Eisenhower was a four star general who led the allied forces to victory in Europe during World War II. Eisenhower said: "Every gun that is made, every warship launched, every rocket signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children."
What Eisenhower said was true 67 years ago, and it is true today.
If the horrific pandemic we are now experiencing has taught us anything it is that national security means a lot more than building bombs, missiles, jet fighters, tanks, submarines, nuclear warheads and other weapons of mass destruction. National security also means doing everything we can to improve the lives of our people, many of whom have been abandoned by our government decade after decade.
In order to begin the process of transforming our national priorities I have filed an amendment to the National Defense Authorization Act with Senator Markey to reduce the military budget by 10 percent and use the $74 billion in savings to invest in distressed communities around the country that have been ravaged by extreme poverty, mass incarceration, deindustrialization and decades of neglect.
At a time when more Americans have died from the coronavirus than were killed fighting in World War I, when over 30 million Americans have lost their jobs in recent months, when tens of millions of Americans are in danger of being evicted from their homes, when education in America from childcare to graduate school is in desperate need of reform, when half a million Americans are homeless, and when close to 100 million people are either uninsured or under-insured - now is the time to invest in our people - in jobs, education, housing and healthcare here at home.
Under this amendment, distressed cities and towns in every state in the country would be able to use these funds to create jobs by building affordable housing, schools, childcare facilities, community health centers, public hospitals, libraries, sustainable energy projects, and clean drinking water facilities.
These communities would also receive federal funding to hire more public school teachers, provide nutritious meals to children and parents and offer free tuition at public colleges, universities or trade schools.
Mr. President, at this pivotal moment in American history, we have to make a fundamental decision. Do we want to spend billions more on endless wars in the Middle East, or do we want to provide decent jobs to millions of unemployed Americans here at home? Do we want to spend more money on nuclear weapons or do we want to invest in decent jobs and childcare and healthcare for the American people most in need?
Mr. President, when we analyze the Defense Department budget it is interesting to note that Congress has appropriated so much money for the Defense Department that the Pentagon literally does not know what to do with it. According to the Government Accountability Office (GAO), between 2013 and 2018 the Pentagon returned more than $80 billion in funding back to the Treasury.
In my view, the time is long overdue for us to take a hard look not only at the size of the Pentagon budget, but at the enormous amount of waste, cost overruns, fraud, and at the financial mismanagement that has plagued the Department of Defense for decades.
Mr. President, let's be clear. About half of the Pentagon's budget goes directly into the hands of private contractors, not our troops.
And, over the past two decades, virtually every major defense contractor in the United States has paid millions of dollars in fines and settlements for misconduct and fraud - all while making huge profits on those government contracts.
Since 1995, Boeing, Lockheed Martin and United Technologies have paid over $3 billion in fines or related settlements for fraud or misconduct. Yet, those three companies received around $1 trillion in defense contracts over the past two decades alone.
Further, Mr. President, I find it interesting that the very same defense contractors that have been found guilty or reached settlements for fraud are also paying their CEOs excessive compensation packages.
Last year, the CEOs of Lockheed Martin and Northrup Grumman both made over $20 million in total compensation while around 90% of the companies' revenue came from defense contracts. In other words, these companies for all intent and purposes are governmental agencies where the CEOs make over a hundred times more than the Secretary of Defense. It's not too surprising, therefore, that we have a revolving door where our military people end up on the boards of directors of these major defense companies.
Moreover, Mr. President, as the GAO has told us, there are massive cost overruns in the Defense Department's acquisition budget that we have got to address.
According to GAO, the Pentagon's $1.8 trillion acquisition portfolio currently suffers from more than $628 billion in cost overruns with much of the cost growth taking place after production.
GAO tells us that "many DoD programs fall short of cost, schedule, and performance expectations, meaning DoD pays more than anticipated, can buy less than expected, and, in some cases, delivers less capability to the warfighter."
Mr. President, the Commission on Wartime Contracting in Iraq and Afghanistan concluded in 2011 that $31-$60 billion spent in Iraq and Afghanistan had been lost to fraud and waste.
Separately, in 2015, the Special Inspector General for Afghanistan Reconstruction reported that the Pentagon could not account for $45 billion in funding for reconstruction projects.
And more recently, an audit conducted by Ernst & Young for the Defense Logistics Agency found that it could not properly account for some $800 million in construction projects.
Mr. President, that is unacceptable.
I believe in a strong military. But we cannot keep giving more money to the Pentagon than it needs when millions of children in this country are food insecure and 140 million Americans can't afford the basic necessities of life without going into debt.
In 1967, Dr. Martin Luther King Jr. warned us that "a nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death."
The time is long overdue to listen to Dr. King.
At a time when, in the richest country in the history of the world, half of our people are struggling paycheck to paycheck, when over 40 million Americans are living in poverty, and when over 500,000 Americans are homeless, we are approaching spiritual death.
At a time when we have the highest rate of childhood poverty of almost any major country on earth, and when millions of Americans are in danger of going hungry, we are approaching spiritual death.
At a time when over 60,000 Americans die each year because they can't afford to get to a doctor on time, and one out of five Americans can't afford the prescription drugs their doctors prescribe, we are approaching spiritual death.
Now, at this moment of unprecedented national crisis, it is time to rethink what we value as a society and to fundamentally transform our national priorities.
Now at this moment of unprecedented national crises - a growing pandemic, an economic meltdown, the demand to end systemic racism and police brutality, and an unstable president - it is time for us to truly focus on what we value as a society and to fundamentally transform our national priorities.
Cutting the military budget by 10 percent and investing that money in human needs is a modest way to begin that process.
And as President Eisenhower said as he left office in 1961: "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.""
"He’s the Jim Cramer of Iran war predictions," said one critic.
Conservative commentator Dave Rubin, who for months has been a top booster of President Donald Trump's illegal war with Iran, was inundated with mockery on Sunday after a viral video exposed months' worth of his failed predictions about the conflict.
The video, which was posted on social media Saturday, begins with Rubin telling viewers to not listen to any of the prognostications being made by critics of the war, which Trump launched in late February without any authorization from Congress.
"I'm pretty good with predictions," Rubin says. "And my prediction here is that everything the media is now going to say about Iran—it's going to close the Strait of Hormuz, and energy prices are going to go crazy—none of this is going to come to pass."
Iran war: greatest hits from the last 12 weeks pic.twitter.com/9pgXyvmsgF
— Dave Rubin Clips II (Parody) - Retired Jan.20/2025 (@DaveClips) May 24, 2026
The video then cuts to Rubin wrongly predicting that gas prices during the conflict "will continue to come down," before switching to claims that Iran lacks the military capability to keep the Strait of Hormuz closed in the face of US military power.
"If the United States wants to keep the Strait of Hormuz open, which it does," says Rubin, "and Donald Trump says we'll escort ships through if we have to, it's going to stay open."
From there, the video shows Rubin hyping of the prospect of Iranian dissident Reza Pahlavi swooping in to take over the country after the war, and then getting fooled by a fake artificial intelligence-generated video of Iranians giving thanks to Israeli Prime Minister Benjamin Netanyahu for bombing their country.
The video compilation of Rubin's failed predictions drew immediate ridicule from critics.
"He’s the Jim Cramer of Iran war predictions," joked Krystal Ball.
Commentator Adam Mockler wrote of Rubin that "it’s brutal watching him make failed predictions week after week."
Journalist Glenn Greenwald argued that the video should be the last nail in the coffin of whatever credibility Rubin had left.
"Imagine having sat through and listened to all of this Israeli propaganda, which turned out to be (predictably and completely) false," commented Greenwald, "and then thinking there was some value in continuing to listen to this person."
The Bulwark's Tim Miller said that while he knew Rubin was "a smooth-brained hack," he still "couldn’t even fathom how bad these war takes would be."
Political analyst Omar Baddar, meanwhile, said the video should erase any doubt that Rubin is "the dumbest man on the internet."
The Trump administration last week sued Minnesota after it passed a law banning prediction markets from operating in the state.
A Sunday report in The New York Times revealed how the Trump administration is using a key government agency to shut down any efforts to regulate online betting markets such as Kalshi and Polymarket.
According to the Times, the administration has stacked the Commodity Futures Trading Commission (CFTC) with industry insiders who have systematically "mowed down" staffers at the agency who have expressed interest in providing oversight on prediction markets.
Among other things, the report documented how multiple officials at CTFC have been put on leave simply for asking questions about the betting markets' ties to members of President Donald Trump's family or for having past experience enforcing regulations related to cryptocurrencies.
What's more, the Times found that even being an industry insider isn't enough to guarantee good standing in the agency. Brian Quintenz, who was tapped by Trump to lead CTFC last year, saw his nomination withdrawn after he drew the ire of Cameron and Tyler Winklevoss for refusing to support their cryptocurrency exchange's complaint against the agency.
Revelations about industry insiders rolling over regulators at CTFC come as the Trump administration is fighting any attempts by states to regulate prediction markets.
As explained in a Thursday report from CNBC, the Trump administration is "fighting a multi-front battle to stop the state actions and assert its regulatory authority," with CTFC arguing that it is "the only entity that can regulate" betting platforms.
16 different states are engaged in legal proceedings against the platforms, and Minnesota last week passed a law to ban them outright, which immediately drew a lawsuit from the administration.
The new Minnesota law, which is scheduled to take effect in August, bans prediction markets "from hosting, creating or advertising in the state," according to ABC News.
In an interview with ABC, Minnesota state Rep. Emma Greenman (D-63B) said she authored the legislation because she has grown increasingly concerned about young people in the state seeing their finances drained from placing online bets.
"We're seeing studies come out that say [the companies] are targeting 18- to 21-year-olds," said Greenman, "and we are seeing gambling starting younger and younger."
CFTC Chair Michael Selig last month warned states against trying to regulate prediction markets, which he said would "circumvent the clear directive of Congress."
"Our message to Wisconsin is the same as to New York, Arizona, and others," said Selig. "If you interfere with the operation of federal law in regulating financial markets, we will sue you."
"Nothing was accomplished by Operation Epic Fury except putting the Islamic Revolutionary Guard Corps in charge of Iran and the Strait of Hormuz," said one critic of the war.
President Donald Trump revealed on Saturday that he is mulling a deal that would end his illegal war with Iran, and some hawks within the Republican Party are expressing alarm.
According to a Sunday report in The New York Times, many details of the agreement to end the war remain murky, with the fate of Iran's enriched uranium up in the air. US and Iranian officials have also given contradictory messages about the proposed deal's contents, suggesting there is much work still to be done before any agreement is finalized.
Regardless, three hawkish GOP senators on Saturday raised major concerns about the contents of the deal, warning against accepting any agreement that will leave Iran in a stronger position than before Trump illegally launched a war against it without any authorization from Congress in late February.
"If it is perceived in the region that a deal with Iran allows the regime to survive and become more powerful over time, we will have poured gasoline on the conflicts in Lebanon and Iraq," wrote Sen. Lindsey Graham (R-SC), who lobbied Trump to attack Iran repeatedly before the start of the war. "A deal that is perceived to allow Iran to survive and possess the ability to control the [Strait of Hormuz] in the future will put Hezbollah in Lebanon and the Shia militias in Iraq on steroids.
Sen. Ted Cruz (R-Texas), another longtime Iran hawk, said he was "deeply concerned" about what he's been hearing about the deal and expressed particular worry about Iran getting relief from US sanctions while still maintaining the ability to shut down the Strait of Hormuz.
"If the result of all that is to be an Iranian regime—still run by Islamists who chant 'death to America'—now receiving billions of dollars," Cruz wrote, "being able to enrich uranium and develop nuclear weapons, and having effective control over the Strait of Hormuz, then that outcome would be a disastrous mistake."
Sen. Roger Wicker (D-Miss.) was even blunter in his condemnation of the reported agreement.
"The rumored 60-day ceasefire—with the belief that Iran will ever engage in good faith—would be a disaster," Wicker wrote. "Everything accomplished by Operation Epic Fury would be for naught!"
Ben Rhodes, a former deputy national security adviser for President Barack Obama, challenged Wicker's claims that Trump's illegal war had achieved anything of value.
"Nothing was accomplished by Operation Epic Fury," Rhodes wrote, "except putting the Islamic Revolutionary Guard Corps in charge of Iran and the Strait of Hormuz."
Rhodes' criticism was echoed by Stephen Wertheim, senior fellow at the Carnegie Endowment for International Peace, who wrote that "everything accomplished by Operation Epic Fury is already for naught."
Ali Vaez, director of the Iran Project at the International Crisis Group, accused the Iran hawks of being delusional for thinking further bombing would force Iran to capitulate.
"DC's Iran hawks got two wars, nearly every conceivable sanction designation, a blockade, threw a wrench in global economy," Vaez wrote, "and will still claim that just a little more pressure and a touch more bombing will magically yield the concessions they still won't be satisfied with."