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

To: J_F_Shepard who wrote (623016)	8/5/2011 4:23:20 PM
From: TimF	Respond to of 1583406

I'm talking about both. The trend is that defense has massively decline as a percent of the federal budget (and to a lesser degree as a percent of GDP, while at the same time increasing fairly strongly in real dollars, and massively in nominal dollars). The "actual budget" point is that defense is now a small part of the budget. Entitlements are the biggest part of the current budget. Getting back to trends but looking forward, defense is likely to get smaller as a percentage of the budget, at least gradually and perhaps rapidly, while entitlements (and likely debt payments) are likely to continue their climb, taking over most of the budget, perhaps almost all.