Mike, Jake, and Tim break down how the US military spends $850+ BILLION PER YEAR. Where does it all go? Who gets what? What are the trends to track? Is it too much money…or not enough? Tune in to find out. We'll make you smart on the defense budget—we guarantee it.

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Show Notes

(00:30) intro

(02:39) joke time

(04:24) Jon Stewart’s interview

(05:54) the budget basics

(08:19) slices of the pie, by branch

(11:49) slices of the pie, by use

(12:47) RDT&E slice

(17:21) procurement slice

(26:37) personnel slice

(36:00) O&M slice

(37:10) Why O&M is so high

(39:10) innovation in production

(43:51) how much is enough? Toplines

(46:37) GDP

(51:25) NATO GDP

(54:16) balancing the budget

(56:32) defense vs. non-defense

(59:48) sequestration lessons not learned

( 1:02:17) outro

Bob Baker of Advanced Asset Management Advisors - Tailwinds Propelling Market Momentum