Brexit is an abbreviation for "British exit," which refers to the June 23, 2016, referendum whereby British citizens voted to exit the European Union. The referendum roiled global markets, including currencies, causing the British pound to fall to its lowest level in decades.

1. the EU didn't have to pay to defend itself since the US taxpayer was doing that plus
2. the EU didn't have open borders with Mexico with many crossing the borders to drop anchor children who would become citizens, get free education and health care (in emergency rooms) then after they graduate they can bring their parents here legally and get government money to take care of them.