In an era where economic prudence is preached, the U.S. federal government’s expenditure on foreign military financing (FMF) and other international support programs continues to spark debate. With the U.S. budget for 2024 stretching into trillions, a significant chunk, specifically 54% of discretionary spending, is allocated to defense, including substantial outlays for foreign military aid. Yet, questions linger about the tangible benefits these investments bring back to American taxpayers.

The United States supports over 150 countries annually through various military aid programs, with Foreign Military Financing (FMF) being one of the largest. In fiscal year 2023, the U.S. spent approximately $6.1 trillion, with defense activities alone accounting for 13% of this budget – around $820 billion. A considerable portion of this defense budget doesn’t end with domestic military operations but extends into foreign lands through programs like FMF, IMET (International Military Education and Training), and Peacekeeping Operations (PKO).

Israel tops the list, receiving about $3.3 billion annually, followed by Egypt with $1.3 billion. Jordan secures around $425 million each year. These allocations are intended to secure strategic partnerships, promote stability, and ensure access to military bases or intelligence-sharing. However, the return on these investments for American taxpayers often seems opaque.

The International Military Education and Training program, while less costly, still impacts over 100 countries, with each receiving from tens of thousands to a few million dollars. This program aims at fostering goodwill and ensuring that foreign militaries align with U.S. military practices and doctrines, potentially influencing future arms sales or alliances.

Critics argue that these investments yield little in terms of direct benefits to U.S. citizens. For instance, the support for countries like Pakistan, which has historically received significant funding under the Coalition Support Funds for counter-terrorism efforts, has been marred by allegations of corruption and ineffective use of funds. Recent discussions on X have highlighted concerns over money laundering within these aid programs, suggesting that the money might not even reach its intended military purposes.

Moreover, military aid to Ukraine, while politically and morally justified by many, has also been subject to scrutiny. With over $70 billion in aid, including both military and economic support, the U.S. has been a primary backer in the conflict against Russia. However, there are growing concerns about the oversight of this aid, with some questioning whether the funds are being used effectively or if they’re leading to corruption or just arming another country’s military without strategic returns for the U.S.

From an economic perspective, the benefits are debated. While military spending can stimulate the U.S. defense industry, ensuring jobs and maintaining technological superiority, the direct benefits to the average taxpayer are less clear. The U.S. spends more on defense than the next 11 countries combined, yet the economic return on this investment is often questioned, especially when considering the opportunity cost of not investing in domestic infrastructure, education, or health care.

Strategically, the U.S. aims to maintain global influence, counter adversaries like China and Russia, and secure allies. However, the effectiveness of this strategy is debated. For example, the U.S. commitment to countries like Saudi Arabia, despite human rights concerns, has been criticized, especially when considering the limited diplomatic leverage gained in return for military support.

The narrative isn’t just about dollars and cents but about the moral and ethical implications of supporting regimes or engaging in conflicts with little direct impact on American lives or security. Moreover, with economic challenges at home, many taxpayers are questioning why such significant funds are directed overseas when domestic issues persist.

The debate over U.S. taxpayer money spent on foreign military financing without much return is complex, involving geopolitical strategy, economic considerations, and ethical questions. While the U.S. has undoubtedly influenced global events through its military aid, the direct benefits to the American public remain a point of contention. As the U.S. approaches the next fiscal year, with a new administration on the horizon, the conversation about where and how to spend taxpayer dollars will undoubtedly intensify, with many advocating for a reevaluation of these international commitments in favor of domestic priorities.

In an election year characterized by stark contrasts, the policy positions of Vice President Kamala Harris and former President Donald Trump have set the stage for a pivotal choice for American voters.

Economic Policies:

• Taxation: Kamala Harris has proposed raising the corporate tax rate from 21% to 28% and adjusting individual income taxes to pre-2018 levels for high earners. Conversely, Donald Trump’s campaign advocates for reducing the corporate rate to between 15% and 20%, aiming to bolster American competitiveness internationally. This reduction could stimulate investment and job creation, potentially revitalizing sectors hit hard by economic downturns.
• Regulation: Trump’s plan to cut regulations significantly could reduce bureaucratic overhead for businesses, fostering innovation and economic growth. Harris, however, favors expanding antitrust initiatives, which might be viewed as stifling to entrepreneurial activities.

Immigration:

• Border Security: Trump’s commitment to “shut down” the current border policies, restore measures like Remain in Mexico, and implement aggressive deportation strategies directly addresses the concerns of security and sovereignty. Harris’s approach, while advocating for a pathway to citizenship, has been criticized for not addressing immediate border control effectively, potentially leading to unchecked immigration flows that could strain public resources.
• Public Sentiment: a public wary of policies perceived to favor amnesty over enforcement. Trump’s stance resonates with those advocating for stricter immigration controls, aligning with sentiments echoed across social platforms about the need for robust border security.

Foreign Policy and Trade:

• Trade: Trump’s proposed tariffs, especially on China, aim at protecting American industries from what he perceives as unfair competition. Harris’s approach to trade, focusing on “diverse energy sources” and reducing reliance on foreign oil, might appeal to environmentalists but could be slower in addressing immediate economic impacts.
• Foreign Relations: While Harris’s nuanced response on international conflicts might appeal to those seeking diplomatic solutions, Trump’s straightforward approach, aiming at immediate outcomes like ending conflicts, might resonate with voters tired of prolonged international entanglements.

Domestic Policies:

• Energy: Trump’s support for nuclear energy, alongside other fossil fuels, contrasts with Harris’s push towards renewables, which, while environmentally focused, might face criticism for its economic feasibility and immediate impact on energy prices.
• Healthcare: While Harris plans to expand Medicare’s negotiation powers for drug prices, Trump’s intentions to privatize aspects of Medicare could lead to more competition and potentially lower costs, though this remains a contentious issue due to its impact on coverage.

The choice between Harris and Trump in 2024 presents voters with fundamentally different visions for America’s future. For those prioritizing economic growth through deregulation, tax cuts, and robust border enforcement, the Republican ticket stands out. Trump’s policies, while controversial, aim at immediate economic relief and security, appealing to voters who favor domestic production, protectionism, and a strong stance on immigration. Conversely, Harris’s policies might attract those who prioritize social justice, environmental concerns, and incremental changes in economic policy.

As voters weigh these options, the Republican ticket’s promise of a robust economic recovery, coupled with stringent border controls, positions it as a more decisive choice for those seeking immediate and tangible change over potentially gradual reforms.

In recent months, the Missouri cattle market has been navigating through turbulent waters, marked by the lowest cattle inventory seen since 1951. This stark reduction in herd numbers is reflective of a broader trend sweeping across the United States, where farmers and ranchers are either scaling down their operations or exiting the industry altogether due to escalating costs and persistent drought conditions.

The crux of the issue lies in the soaring costs associated with cattle farming. Feed prices have skyrocketed, with drought conditions in many parts of Missouri reducing the availability of natural forage. This has forced farmers to buy more expensive feed, significantly cutting into profits. The sentiment from the field, as echoed through various posts on X, indicates a weary community of cattle producers. “Old guys are tired, and young guys don’t have the capital,” shared one local farmer, highlighting the generational challenge in maintaining herd sizes.

Despite the reduced supply, demand for beef remains robust, pushing prices higher. Consumers in Missouri are feeling the pinch at grocery stores and local butchers, where the cost of beef has seen noticeable increases. However, there’s a silver lining for those looking for quality at possibly better rates. Bulk purchasing directly from local butchers or participating in community-supported agriculture (CSA) models has become more popular. For instance, a recent post celebrated splitting a cow for $4 per pound, a slight increase from previous years but still seen as a way to support local farmers while securing quality meat.

Looking ahead, the Missouri cattle market’s future seems to hinge on several factors. The industry might see a shift towards more sustainable practices, like regenerative agriculture which aims to restore soil health and biodiversity, potentially making cattle farming more resilient to climate changes. However, immediate relief in terms of herd size recovery might be slow unless there are significant changes in feed costs or an unexpected surplus in forage.

There’s a growing call for government intervention or subsidies to help stabilize the industry. Discussions around water management, drought-resistant crops for cattle feed, and financial support mechanisms are gaining traction. Meanwhile, industry leaders are exploring technological advancements like feed efficiency enhancements and genetic selection for resilience against environmental stress.

Get Ready for the Fall Roundup at Miller County Regional Stockyard!

Mark your calendars, cattle enthusiasts! The Miller County Regional Stockyard is thrilled to announce our much-anticipated Fall Roundup happening this October 14th. Whether you’re a seasoned rancher, a budding farmer, or just someone who appreciates the heart of Missouri’s agricultural spirit, this event is crafted just for you.

Why Attend the Fall Roundup?

• Unbeatable Deals: Experience the thrill of bidding on some of the finest cattle in the region. From weaned calves to quality beef cattle, our auction offers something for every livestock buyer looking to expand or enhance their herd.
• Community Spirit: Connect with fellow farmers, ranchers, and livestock enthusiasts. This isn’t just an auction; it’s a gathering where stories are shared, and relationships are built over a mutual love for the land and its offerings.
• Expert Insights: Engage with knowledgeable auctioneers and cattle experts who are ready to provide advice, insights, and the latest updates on market trends. Whether you’re new to the game or a veteran, there’s always something new to learn.
• Family Fun: Bring the whole family! While the adults engage in the auction, kids can enjoy a safe environment to learn about livestock.
• Local Pride: Support local farmers and contribute to the community by participating in what has become a tradition in Miller County. Every purchase not only adds to your herd but also supports local agriculture.

Plan Your Visit:

• Location: Miller County Regional Stockyard is easy to find and accessible for everyone, 4 Kent Road in Eldon, MO. Check our website for directions or follow the signs on event day.
• Parking: Ample parking space, but to ensure convenience, consider arriving early.
• Refreshments: Cafe will be open

Join us at the Miller County Regional Stockyard for the Fall Roundup on October 14th. It’s not just an event; it’s a celebration of the rural community, the backbone of our heritage. Whether you’re here to buy, sell, or just enjoy the day, we promise an experience filled with tradition, community, and the pure joy of rural living. See you there!