Trade Masters Chronicle
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
  • Economy
  • Editor’s Pick
  • Investing
  • Latest News
No Result
View All Result
Trade Masters Chronicle
No Result
View All Result

Trump unveils ‘Golden Dome’ missile shield, blindsides key senators

by
May 21, 2025
in Latest News
0
Trump unveils ‘Golden Dome’ missile shield, blindsides key senators

Before President Donald Trump’s dramatic reveal of the ‘Golden Dome’ missile defense project on Tuesday, the proposal wasn’t even on the radar of many lawmakers on Capitol Hill.

Several senators told Fox News Digital they had received no briefing on the initiative’s costs – and some hadn’t heard of it at all.

‘I don’t support blank checks. I haven’t seen the cost figures,’ Sen. John Kennedy, R-La., told Fox News Digital. 

Two senior members of the Senate Appropriations Defense Subcommittee, one Republican and one Democrat, asked, ‘what’s Golden Dome?’ in response to questions about the project Trump commissioned in January. 

Trump’s sweeping plan – pitched as an American version of Israel’s Iron Dome – carries an ambitious price tag and timeline. He’s floated a $125 billion estimated cost and says it could be built in three years, by the end of his term. A government funding package moving through Congress, dubbed the One Big Beautiful Bill Act, includes $25 billion to jumpstart the project.

But defense experts and even some Republican allies anticipate the cost to be much higher. 

‘This is not going to be a $25 billion or $35 billion project. It will likely cost in the trillions if and when Golden Dome is completed,’ said Sen. Tim Sheehy, R-Mont., who announced plans to form a Golden Dome Caucus during a recent Washington Times defense industry event earlier this month. 

Sheehy warned that simply scaling up Israel’s Iron Dome to protect the U.S. is ‘a fundamentally different technological proposition.’

‘The challenges don’t scale linearly with the size of Israel, which is the size of New Jersey,’ he added.

The nonpartisan Congressional Budget Office (CBO) has estimated the project could cost around $500 billion – though some believe even that figure is likely too low.

CBO estimated that the space-based interceptors portion of the dome could cost at least $161 billion but up to $542 billion. But it didn’t account for any ground-based interceptors in that cost. 

‘I’ve been 34 years in this business, and I’ve never seen an early estimate that was too high,’ said Space Force chief of space operations Gen. Chance Saltzman. ‘We don’t always understand the full level of complexity until you’re actually in execution, doing the detailed planning.’

Some Republican lawmakers suggest the potential benefits outweigh the massive spending required.

‘It might very well prevent a war,’ Sen. Mike Rounds, R-N.D., said. ‘When we talk about spending billions on defense, that is small compared to one single major war – not only in trillions of dollars, but in bloodshed.’

Once a missile is launched toward the U.S. homeland, the Golden Dome system aims to detect it, and orbital systems would aim to hit the missile during its ‘boost’ phase, either with a laser or a kinetic interceptor. Otherwise, ground-based systems could deploy to knock it off its path.  

Others noted competing defense priorities.

‘That’s gonna be a long, drawn-out process, and it’s gonna cost a lot of money,’ said Sen. Tommy Tuberville, R-Ala. ‘Right now, we’re redoing our missile silos… we’re transitioning to different types of warfare. If we’re gonna do [Golden Dome], we do it the right way.’

Supporters of the plan argue that technological advances have dramatically lowered the cost of missile defense, enough to potentially flip decades-old strategic assumptions.

Chuck DeVore, a defense expert at the Texas Public Policy Foundation and former Reagan administration official, said the old logic – that it’s always cheaper to build offensive missiles than defenses – may no longer apply.

‘That calculation is changing now,’ DeVore said. ‘With low-cost orbit launches and inexpensive electronics, it may actually be less expensive to defend against nuclear missiles than to build them. If that’s the case, we’re at a truly revolutionary inflection point.’

DeVore also warned that traditionalists in the defense establishment may push back.

‘You’re going to see people defending the status quo,’ he said. ‘They’ll say we need that money for more conventional defense – more divisions, more jet fighters, maybe another aircraft carrier.’

Still, DeVore argued that a homeland missile defense system is overdue.

‘The ability to truly defend the homeland and save American lives is better than mutual assured destruction – especially in an age of nuclear proliferation where we can’t always be sure where the threat is coming from.’

Sen. Markwayne Mullin, R-Okla., agreed on the project’s importance, even as he said he hadn’t been briefed on the cost and needs of the project. 

‘I think it’s the most important thing we could do to keep our homeland safe.’

This post appeared first on FOX NEWS
Previous Post

Biden’s senility scandal leads top Republican to demand DOJ probe into ‘representations’ to public

Next Post

Donald Trump Jr. has ‘ZERO interest’ in a 2028 run, but isn’t ruling out possibility of a political future

Next Post
Donald Trump Jr. has ‘ZERO interest’ in a 2028 run, but isn’t ruling out possibility of a political future

Donald Trump Jr. has ‘ZERO interest’ in a 2028 run, but isn’t ruling out possibility of a political future

  • Trending
  • Comments
  • Latest
Gold and silver: the price of gold has resistance at $2360

Gold and silver: the price of gold has resistance at $2360

May 29, 2024
S&P 500 climbed 0.3%, and Nasdaq-100 futures  jumped 0.7%

S&P 500 climbed 0.3%, and Nasdaq-100 futures jumped 0.7%

December 4, 2024
Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

Amazon’s $4 billion investment in AI firm Anthropic faces U.K. merger investigation

August 9, 2024
Is XRP a Good Investment? Expert Insights for 2024

Is XRP a Good Investment? Expert Insights for 2024

July 12, 2024
How UnitedHealthcare became the face of America’s health insurance frustrations

How UnitedHealthcare became the face of America’s health insurance frustrations

0
Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

Wendy’s will offer $3 breakfast deal, as rivals such as McDonald’s test value meals to drive sales

0
Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

Amal Clooney played key role in ICC arrest warrants for Netanyahu, Hamas leaders

0
Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

Ivan Boesky, inspiration for ‘Wall Street’ villain Gordon Gekko, dead at 87

0
How UnitedHealthcare became the face of America’s health insurance frustrations

How UnitedHealthcare became the face of America’s health insurance frustrations

May 22, 2025
White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

May 22, 2025
Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

May 22, 2025
Trump has not directed administration to declassify Biden documents on health ‘cover-up’

Trump has not directed administration to declassify Biden documents on health ‘cover-up’

May 22, 2025
Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent News

    How UnitedHealthcare became the face of America’s health insurance frustrations

    How UnitedHealthcare became the face of America’s health insurance frustrations

    May 22, 2025
    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    May 22, 2025
    Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

    Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

    May 22, 2025
    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    Trump has not directed administration to declassify Biden documents on health ‘cover-up’

    May 22, 2025

    Top News

    How UnitedHealthcare became the face of America’s health insurance frustrations

    How UnitedHealthcare became the face of America’s health insurance frustrations

    May 22, 2025
    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths

    May 22, 2025

    Latest News

    • How UnitedHealthcare became the face of America’s health insurance frustrations
    • White House shuts down reporter’s ‘ridiculous’ challenge of White South African farmer deaths
    • Antisemitic shooting of Israeli diplomats adds to alarming rise in domestic terrorism

    About Trade Masters Chronicle

    • About us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.

    No Result
    View All Result
    • Economy
    • Editor’s Pick
    • Investing
    • Latest News

    Copyright © 2025 TradeMastersChronicle.com. All Rights Reserved.