Thursday, May 11, 2023

Review..

 

The United States spends more on national defense than China, Russia, India, Saudi Arabia, United Kingdom, Germany, France, South Korea, Japan, and Ukraine — combined

 The United States has also historically devoted a larger share of its economy to defense than many of its key allies.

Defense spending accounts for 12 percent of all federal spending and nearly half of discretionary spending. 
Total discretionary spending, for both defense and nondefense purposes, is typically only about one-third of the annual federal budget.
It is currently below its historical average as a share of GDP and is projected to decline further.
Is it time to review?  Just a thought.

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