|QUOTE ('Wall Street Journal')|
|It's true that overall defense outlays for fiscal year 2007 are on track to surpass--in dollars adjusted for inflation--defense spending at the height of the Vietnam War. It's also true that defense spending has already increased by some 40% since 2001, when President Bush came to office. War opponents cite such figures to suggest that the Iraq campaign is too great a burden, and is sucking up funds better spent on domestic programs.|
Less talked about is that the $528 billion spent on national defense in fiscal 2006, which ended on September 30, equaled only 4% of U.S. gross domestic product. Historically, that level is far more in line with peacetime military spending. Many Americans might be surprised to learn that current U.S. defense spending isn't all that much above the 3% share of GDP that prevailed from 1999-2001 and was a postwar World War II low.
|QUOTE (Inspector @ Oct 23 2006, 10:20 AM)|
|QUOTE (AntiSocialist @ Oct 23 2006, 09:21 PM)|
Better used going into tax cuts...
|QUOTE (raditz8526 @ Oct 24 2006, 07:12 PM)|
|Yeah, but that would create jobs and reduce dependence on the government.|
|In retrospect, Mr. Bush missed a historic opportunity after 9/11 to ask government to spend less on non-essential programs so it could spend more on security. Instead, overall federal spending grew by nearly 50% in Mr. Bush's first five years, as he allowed Congress to spend more on just about everything.|
|QUOTE (Cunctator @ Oct 31 2006, 10:12 PM)|
| 2) Many of the other countries on that list have artificially low figures because we have been defending them since 1945! |
...Continuing to defend Europe just subsidizes their welfare state.