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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (26306)12/19/2002 11:12:45 AM
From: AC Flyer  Read Replies (2) of 74559
 
>>Wrongo<<

You know, DAK, in the age of Google, you don't actually need a brain. You should try it.

csis.org

Click through a few pages and you will see the facts. I'll save you the trouble. Here are the key points:
1. US defense spending as a percentage of GNP is at its lowest level since 1941. At ~3% of GNP, defense spending is at less than half the level that it was as recently as 1986.
2. US defense spending as a percentage of the federal budget is also at its lowest level since 1941. At ~14% of the federal budget, defense spending is at unprecedented low levels.
3. During the period 1985-2002, US defense spending has experienced the steepest rate of cuts in half a century.
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