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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (26306)	12/19/2002 11:12:45 AM
From: AC Flyer	Read Replies (2) \| Respond to 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.