Rand Paul Slams '$1-2 Billion-A-Day Iran War:' 'Debt Is Our National Security Crisis' - State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
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Published on March 24, 2026.
Senator Rand Paul (R-Ky.) has warned that increasing government borrowing, not foreign adversaries, is the primary threat to the United States, as he will vote against further military spending requests from the Donald Trump administration. He highlighted that the Iran war alone costs the US roughly $1-2 billion a day and that the military already spends more on defense than any other country combined. Paul also criticized the administration's fiscal policies, including tariffs and domestic bailouts, and suggested that Washington is borrowing money to pay farmers to offset tariff losses rather than simply removing the tariffs that caused the financial pain. Other lawmakers are demanding that the defense requests, estimated between $50 billion and $200 billion, be redirected towards domestic priorities like healthcare, education, and the Child Tax Credit.
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