Via Matthew Feeney at Reason, The Washington Post has some nice charts up about US “defense” spending.
The first illustrates the oft-quoted factoid that the US spends as much on defense as most major countries in the world combined.
It’s a powerful image that really undercuts those in Washington who perpetually inflate the threats we face abroad (and sometimes simply invent them). But note the measurement of US military spending is the more traditional amount acknowledged in federal budgets. Broader measurements which take into account all kinds of spending on the national security state put the number at about $1 trillion or above.
Putting this graphical dichotomy into context, most politicians from both parties have been screaming bloody murder (no pun intended) about the relatively minor cuts to defense included in the sequestration deal. The worst case scenario for the Pentagon budget is about $500 billion in cuts over the course of ten years. Which isn’t really a cut at all – it’s a reduction in the rate of growth in defense spending.
And that might even be putting it generously. As Feeney notes, the Mercatus Center’s Veronique de Rugy has crunched the numbers and concludes, “After sequestration, the FY 2013 defense budget will be comparable to its FY 2006 level (in real terms). Adjusted for inflation, over the next ten years, the spending is projected to remain relatively constant.”
The next graph specifies how Washington allocates its defense dollars and shows that, as Feeney writes, “engaging in war happens to be expensive. ”
The minuscule defense cuts being contemplated could easily target areas of waste. The major source of growth in annual defense budgets since 2001 has been mostly due to the wars in Iraq and Afghanistan, much of the rest has been spent on wasteful superfluous weapons technology, bloated salaries and benefits plans, and expensive peacetime operating costs for the 900-plus military bases in 130-plus countries around the world.
“But what about jobs!?” ask those unwilling to cut. Well, defense spending is not a jobs program. At least, it’s not supposed to be. As far as the health of the economy is concerned, defense budgets are a net drain.
Via the Cato Institute’s Malou Innocent, this study from the Center for International Policy finds that “Pentagon spending is an especially poor job creator” compared to “virtually any other use of the same money, from a tax cut to investments in infrastructure to spending on education.”
Warnings of doom to the economy, or to national security, are groundless scare stories coming from the groups of people who benefit most from the government’s most lucrative and deadly welfare program.
It seems that all Presidents in the US have same perception about defense and military power. Both factors are most important for creating a wealth country they are dreaming about. Is that right?
Please imagine if Mr Obama tries to changes his policy. If he cuts at least 20% military budget how many people in the US could have better life?
Here is yet another proof.., US is a military regime so its social politics and economy needs to spend $711billion to stay as a militarism regime which answeres the question…, why USA is at war all the time…? Because…..
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Why do any country have to invest so much in attacking others? Not only the money is being invested, you are also putting the life of a military officer under jeopardy.
Yes, it is true that US spends as much on defense as most major countries in the world combined. Your writing is able to highlights the deep meaning about the US economy securities and Barack Obama change his police that is a remarkable look to us. But the U.S. economy and finance and share prices internet companies had the biggest drop in two years. Which is very remarkable look for us.
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