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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (264977)12/19/2005 2:16:06 PM
From: TimF  Read Replies (2) of 1573685
 
The dificulty of sustaining a level of defense spending is primarily determined by the % of GDP spent on defense. The only times that I can think of since WWI when the % was lower was during the 30s and during Clinton's 2nd term. In both of those cases the percentage was not a lot lower.

It can be argued that our defense needs have gone down so much that this low level of spending is more than enough. Also our economy has grown so much that even though the burden of defense is historically low the actual amount spent in real dollar terms is not even if it is lower than social spending.

In recent years spending has increased as a percentage of GDP, but only after the military went through significant cuts. I understand you are against the war in Iraq and think we should leave ASAP. Well that would reduce costs but other than that I find it hard to find any serious cuts left. Trimming here and there, pushing even harder to eliminate wastes and needless expense, sure, but thats a change at the margin not a major reduction, certainly not something that would greatly increase the % of our national income that we spend on the combination of social programs and infrastructure.

mwhodges.home.att.net

mwhodges.home.att.net

mwhodges.home.att.net
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