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Politics : Formerly About Advanced Micro Devices

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To: Les H who wrote (615962)	6/13/2011 3:33:41 PM
From: i-node	1 Recommendation Read Replies (1) of 1580712

You said: "All of the Republicans are running on the platform of continuing the trend of militarizing the economy." Then, you said: "Name one that's come out and said he would cut all spending and not just "non-defense discretionary"." These are not even close to being the same things. Furthermore, I don't see how one can claim there is a "trend of militarizing the economy" in the first place. Defense spending as a percentage of GDP has risen sharply since we were attacked in 2001. AS IT SHOULD HAVE. After all, we're engaged in three wars and have had to develop tons of new weapons and armament systems during that 10 year period. Even so, we're just over 5% of GDP. This is not a historically high figure. For example, during the WWI era, defense spending rose from 1.25% of GDP to over 14%. In 1945 it had jumped to 42%, before declining to 7.% in 1948. During the Cold War through Vietnam, we were looking at about 10% -- nearly twice today's rate. So, the bottom line is, that with the current three wars underway, we are STILL at just over half what typical Cold War/Vietnam era spending was.

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