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Pete Hegseth: “Buildings cost money and if we're giving them $2 billion to…”

Featuring: Pete Hegseth, Secretary of Defense | National

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LIVE: Pete Hegseth testifies before House defense budget hearing (Full)

Published | Video Starts at 1:43:32

Well, welcome a return on investment. Yes, I understand, but they're not paying for it out of their pocket and not getting compensated. But anyway, could you answer my question about Taiwan? Buildings cost money and if we're giving them $2 billion to build the factory, that's taxpayer money. If they're using it out of their own hide, that's $2 billion saved for the American people. that then we can appropriate toward munitions that we pay for in the future. I know it's difficult to grasp. It's not. It's what happens or it's all of the department. (1:43:32–1:43:43)

CLAIM

Asserts that $2 billion is saved for taxpayers when companies fund their own factory construction.

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