Linda Bilmes

may be involved in

helping to rebuild some of those, like the Ras Laffan liquefied gas facility in Qatar, which is estimated to cost $26 billion to repair.

So we see cost, and there will be cost, but it's too early to estimate the full economic impact.

I think the $200 billion that they came up with was just a confirmation of the

What I've been saying, that these numbers like $11.3 billion that they were reporting the first few days was a significant underestimate.

So I was not at all surprised that they asked for $200 billion.

I think that what is even scarier is the fact that the president has asked for a 50% discount.

increase even before all this happened, a 50% increase in the defense budget, which would take it from $1 trillion to $1.5 trillion.

Oh, my God.

And Congress was kind of super lukewarm to this idea before this war.

But I think that the president will be able to get a higher increase.

He won't get 1.5, but maybe on top of the $200 billion of emergency money for replacing inventory and everything, we'll get a higher long-term increase to the Defense Department.

And once you get that increase in the base, that goes on and on.

Well, almost everybody who looks at this is concerned about the inventory levels.

The U.S.

had a finite number of particularly these interceptors.

These are the things that intercept incoming drones.

And

The Iranians produce very cheap drones for $20,000, maybe $30,000.

And we use $2 million, $3 million interceptors to down these drones.