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LARRY KUDLOW: A Reconciliation Bill Is the Only Way To Keep Our Military Great & Our Democracy Indestructible

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LARRY KUDLOW: A Reconciliation Bill Is the Only Way To Keep Our Military Great & Our Democracy Indestructible

The next fight in the Iran war is likely going to be the Pentagon’s request for $200 billion to keep our military in tip-top shape, not only to complete the mission in Iran, but also to maintain President Trump’s policy of peace through strength. We want the best for our men and women in the services. Soldiers, sailors, airmen. They must have everything they need, today, tomorrow, and frankly forever.

Yet you can bet the Democrats will use this war financing request for their anti-war propaganda and will seek to block this crucial funding bill. I want to pause here before talking about Ways and Means to get the money for our military. We should not forget the chilling narrative brought back by the special envoy to the Middle East, Steve Witkoff, after the last set of talks with Iran. Essentially, they bragged to Mr. Witkoff and his partner Mr. Jared Kushner that they had 460 kilograms of 60 percent-enriched uranium. Right there, that ended the talks because they would never give it up.

But here’s the point: when you’re at 60 percent enrichment, you can bring it to 90 percent in seven to 10 days, according to Mr. Witkoff and many other analysts. And the 460 kilograms of enriched uranium would be enough to create 11 nuclear bombs. That’s how close Iran is. And that’s because so many presidents before Mr. Trump neglected to do anything about Iran’s nuclear advances.

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Now Democrats might say the Iranians don’t have the delivery system. Really? Well, they can deliver that nuclear bomb to neighboring Israel, very quickly. Or to our allies throughout the Middle East. Or to the underbelly of Europe. Whether they are capable of producing an intercontinental ballistic missile is unknown, but there are a lot of estimates out there that it will be much shorter than generally assumed. Why risk any of that?

And of course, we are seeing Iran using shorter term missiles against oil and gas-producing countries right next door. Or bottling up the Strait of Hormuz and threatening the global economy. And since the early 1980s, let’s not forget, our State Department has classified Iran as the largest state sponsor of terrorism. And of course Iran has been waging war against the United States for 47 years, death to America, remember that? Not to speak of death to Israel. The little Satan and the big Satan. That’s how they see us. Let’s not forget that either.

This Democratic argument that there was no imminent threat has always been a bunch of phony balderdash. And we must not deny funding that may well be necessary to complete the mission in Iran.

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Now, as important as this Pentagon request is, because the anti-war Democrats will probably all vote against it in the Senate with perhaps Senator John Fetterman’s exception, the GOP is not going to get 60 votes for the appropriation. And that’s why I believe it must be done as a reconciliation bill which will require only 50 votes, plus the vice president.

Speaker Mike Johnson and the House Budget Chairman, Jodey Arrington, have already moved to prepare a reconciliation bill. So far, Senate leadership has shown no enthusiasm for it. But I’m here to tell you it is the only way you’re going to get the necessary military spending. And the GOP will have to put its nose to the grindstone just like it did about a year ago, and put together a great reconciliation bill. There will be spending offsets, waste, fraud, and abuse cutbacks, plenty of room for some entitlement reforms. Perhaps even some supply side pro-growth tax reforms, but the most important issue will be our national security, completing the mission in Iran, and maintaining peace through strength.

One more point, the all-important SAVE America voting rights bill, which frankly will not get 60 votes in the Senate for passage, can be inserted into a reconciliation package. Or at least we should try. Because proof of citizenship, photo ID cards, and other aspects will lay down national rules that must be enforced, and that will require money.

My guess is the Department of Homeland Security would be the appropriate election monitoring agency, just as securing the border required a significant fiscal expansion, so will enforcing the voting rights bill. So I’m here to tell you that the cleverest minds in Congress should put their heads together and generate a strong reconciliation package that will keep our military might and maintain proper voting laws to uphold the greatest democracy in the history of history.

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Politics And The Markets 03/21/26

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

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Earnings call transcript: CuriosityStream Q4 2025 sees revenue growth, stock up

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Earnings call transcript: CuriosityStream Q4 2025 sees revenue growth, stock up

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What’s Behind the Selloff in Gold and Silver

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What’s Behind the Selloff in Gold and Silver

The tumble in precious-metals prices from their all-time highs has accelerated, with gold and silver futures suffering some of their worst daily declines on record Thursday.

Gold sank for the sixth time in the past seven trading days, losing 5.9%, or $289.20 an ounce, on Thursday. Silver futures shed 8.2% a troy ounce, bringing the total decline from a seven-session fall to around 20%.

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Intercontinental Exchange Stock: Business Intact Despite Recent Macro Headwinds (NYSE:ICE)

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Oppenheimer Holdings: Public Markets Come Back, Driving ECM And Profits

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We write about companies trading at attractive valuations with strong durable competitive advantages. Investment Principles- Invest in companies with consistent earning power and durable competitive advantages.- Invest in companies where we can get a sufficient margin of safety.- We prefer companies that generate substantial cash-flow and consistently earn above-average return on capital.- We prefer companies with conservative leverage. – Always hold an appropriate level of cash in order to be able to capitalize on market volatility.

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Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Planet Labs Crushes Earnings, But Risk Is Rising

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Planet Labs Crushes Earnings, But Risk Is Rising

Planet Labs Crushes Earnings, But Risk Is Rising

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Dollar’s dominance in oil markets faces structural test as Gulf trade shifts

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Dollar’s dominance in oil markets faces structural test as Gulf trade shifts

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Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

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Five Below Stock Might Grow Faster Than Its Management Expects (NASDAQ:FIVE)

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Home working, long leases and rise of parking apps – what went wrong for NCP

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Home working, long leases and rise of parking apps - what went wrong for NCP

How could a company that charged as much as £65 for a day’s parking fail to turn a profit?

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In War, Things Tire Or Break, StandardAero Stock To The Rescue (NYSE:SARO)

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In War, Things Tire Or Break, StandardAero Stock To The Rescue (NYSE:SARO)

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Joseph Shaefer is a geopolitical, economic, and resource analyst. He is a retired senior military officer with deep experience in Special Operations and Intelligence. He is also a former university professor and a retired Senior V.P. at Charles Schwab & Co. He is today the leader of the investing group The Investor’s Edge®. His approach to investing is both specific and universal. On one end of the “barbell,” he makes especially deep dives into Energy, Resources, Aerospace and Defense, and Infrastructure. On the other end, a thorough research into the safest and best-paying income ETFs and companies and their preferred shares. Unique features exclusively for subscribers at The Investors Edge® include the Growth & Value sample portfolio, early notification of articles likely to be discussed with the general Seeking Alpha audience, notification of purchases and sales prior to execution, and short notes and articles for subscribers on an as-it-happens basis. Five decades of experience, 2 to 4 articles monthly exclusively for subscribers, and access to Joseph and his community in a chat corner that is reviewed daily.

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Indonesia seeks $5 billion budget savings to face Iran war impact

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Indonesia seeks $5 billion budget savings to face Iran war impact


Indonesia seeks $5 billion budget savings to face Iran war impact

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