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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (361190)12/3/2007 12:30:45 PM
From: TimF  Read Replies (1) of 1574018
 
American whites enslaved Africans and brought them to work here as indentured servants.

It was more than a 1% cut per year. A lot more.

92 to 99 is 7 years. 5.4 divided by 7 is about .77, but that is .77% of the entire federal budget, in '99 the military budget was only 15.3% of the federal budget, so the per year cut is .77% times the reciprocal of 15.3% (15.3% is .153 or 153/1000, so you multiply by 1000/153, or you can simply device by .153)

.77% is .0077. .0077/.153 is about .05 so its about a 5% cut a year in military spending.

And that's in nominal spending, the decrease in real spending would be 5% per year plus the inflation rate.

inflationdata.com

Shows about 18.97% inflation from 92 to 99. (prices increased faster for military items, but I'll ignore that point, I'm just trying to get a "real dollar figure). 18.97% / 7 is 2.71 so you now have a 7.7 % cut.

And of course the total cut is not the cut per year, so you have a 53.9% cut.

But all the calculations above assume a constant federal budget and the budget was increasing so the total cut won't be as large. The spending increased from about $1.4 tril to about 1.7 trillion. That's about a 21% increase. So change the total defense cut to lets say 30%.

30% is usually considered large enough to be a slash.

Certainly the results where a slash (18 to 10 army divisions etc.)

I would define 'slash' as 30%+ in a year.

Well than I should never hear you complaining about slashes in social spending.
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