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Re: USD American Dream (or Nightmare?)
What you need to look at is military spending as a percentage of the GDP not the actual number amount. If you look at the chart Clinton actually spent more on defense (percentage wise) than Bush. For three years it was 3.7 percent or higher. The $330B you talk about is still under 4 percent of the GDP.
Interesting to look at the WWII years. We were spending a third of the GDP on defense!
Table 1: US military spending as a percentage of GDP 1940--2003
Fiscal Year Military spending as
percent of GDP
1940 1.7
1941 5.6
1942 17.8
1943 37.0
1944 37.8
1945 37.5
1946 19.2
1947 5.5
1948 3.5
1949 4.8
1950 5.0
1951 7.4
1952 13.2
1953 14.2
1954 13.1
1955 10.8
1956 10.0
1957 10.1
1958 10.2
1959 10.0
1960 9.3
1961 9.4
1962 9.2
1963 8.9
1964 8.5
1965 7.4
1966 7.7
1967 8.8
1968 9.4
1969 8.7
1970 8.1
1971 7.3
1972 6.7
1973 5.8
1974 5.5
1975 5.5
1976 5.2
1977 4.9
1978 4.7
1979 4.6
1980 4.9
1981 5.1
1982 5.7
1983 6.1
1984 5.9
1985 6.1
1986 6.2
1987 6.1
1988 5.8
1989 5.6
1990 5.2
1991 4.6
1992 4.8
1993 4.4
1994 4.0
1995 3.7
1996 3.5
1997 3.3
1998 3.1
1999 3.0
2000 3.0
2001 3.0
2002 3.4
2003 3.7
Last edited by pavejon : 08-02-2006 at 13:20.
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