Just when you thought Pentagon spending couldn’t get more out of control, President Trump proposes a 50% budget increase in one year—rocketing Defense spending from $901 billion to $1.5 trillion. That’s $500 billion more… and tariffs won’t cover it. On Budget Watchdog All Federal, host Steve Ellis and TCS policy analyst Gabe Murphy break down why this “dream military” proposal is fiscal madness, explore a new executive order targeting defense contractor stock buybacks, and examine why Congress should have a say before military action in Venezuela costs taxpayers even more. The first episode of 2026 pulls no punches on defending your tax dollars.