On The Gist, Cindy Hyde-Smith is on the MAGA wagon. In the interview, the U.S. has long been the global leader in military spending. But is that enough to guarantee victory in a war against Russia, China, or both? Aaron Mehta covers the Pentagon for Defense News and has written about a bipartisan commission’s new report on America’s readiness for big conflicts.In the Spiel, terrible arguments obscuring bad ideas.This episode is brought to you by Merrill Lynch. Get started today at ML.com/you.