Thank goodness they’re cutting that out-out-of control military spending

Federal Spending in Perspective

federal spending and its key components as shares of GDP on average over the past 40 years, before the recession began, and in 2021 under the Congressional Budget Office’s current –law baseline projections

Federal spending and its key components as shares of GDP on average over the past 40 years, before the recession began, and in 2021 under the Congressional Budget Office’s current–law baseline projections

Via Instapundit.

Comments

  1. I’ve seen other guys post similar stats as a way to show that defense spending is no biggie. Keep in mind you are showing spending as a percentage of GDP. You probably should show spending as a percentage of the BUDGET which is not the same. GDP is the total value of goods and services produced by the nation. The budget is the amount of money the federal government spends.

    Here is the budget for 2010. Defense comes in a close second on the list to social security. Both of these items are too big for my taste.

    GDP for 2010 is around $14 trillion. The government budget for same year is around $3.55 trillion. That means the feds are spending over 23% of everything we earn. The budget should be no more than 10% of GDP and even that is pushing it.

    Defense, like everything else is mostly a waste. We subsidize welfare queens in the guise of defense contractors and piss away money trying to turn shitholes in the middle east into Switzerland.

    We also spend almost as much on defense as the rest of the world combined. So defense to me is no sacred cow. There is plenty of fat and waste to cut from defense as from anywhere else. If they want to be fair they should just start taking across the board cuts of say 5% a year until they knock the budget in half.

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