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The president went on to explain that we have aircraft carriers and submarines.

What the president apparently didn't realize is that modern ships and weapons are massively more expensive than their equivalents from 100 years ago. So cutting defense spending gets you proportionately less capability. Cutting one aircraft carrier cuts out the capability equivalent of all allied airpower in WWII.

That's the point, actually. You can't measure the strength of our navy by how many ships we have, since the modern navy focuses on having relatively few, expensive, powerful ships compared to the past.
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