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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (139545)	10/3/2001 4:17:35 PM
From: tejek	Read Replies (2) \| Respond to of 1580670

I don't know the % of GDP Israel spends on defense but I'm sure its two figures. I'm sure you can recognize the difference between 2% and perhaps 25%. Tim, and I am sure you see how deceptive using the GDP is. GDP can grow and not necessarily result in a larger budget...so forgive me, but I will stick to using a percentage of the budget which as of the last budget is 16%. That number is a far more accurate representation. As for Israel, their defense needs are high and their GDP small. Nonetheless, they probably spend a fourth of what we spend on defense. We spend more than enough, so much so the waste is outrageous.......and if you were a true fiscal conservative you would agree. ted