Trump's 'Golden Dome' to cost $1.2 tn, watchdog estimates
Summary
President Donald Trump’s planned missile defense system called the "Golden Dome" is estimated to cost about $1.2 trillion over 20 years, much higher than the earlier $175 billion estimate. The system aims to protect the United States from missile threats using advanced technology on land, sea, and space.Key Facts
- The Congressional Budget Office (CBO) estimates the "Golden Dome" will cost around $1.2 trillion over two decades.
- The initial budget for the project was $175 billion, including a $25 billion first investment.
- The system plans to use multiple layers of interceptors and space-based missile tracking technology.
- It is designed to defend against ballistic missiles, cruise missiles, and other aerial threats.
- President Trump announced the system shortly after starting his second term in January 2024.
- Experts warn the system might be overwhelmed by large attacks from countries like Russia or China.
- A U.S. Senator criticized the project as a costly aid to defense companies paid for by taxpayers.
- The White House and Pentagon had not publicly commented on the new cost estimate when the report was released.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.