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Fascinating. I didn't know that the US military budget is a third of what it was 60 years ago. Yet another example of the media / popular perception being basic
by bmmayer1 8y ago
Fascinating. I didn't know that the US military budget is a third of what it was 60 years ago. Yet another example of the media / popular perception being basically uncorrelated with reality.
- the_gastropod 8y agoAs a proportion of GDP. Adjusted for inflation, GDP has grown 600% since 1960.
- dieterrams 8y ago>I didn't know that the US military budget is a third of what it was 60 years ago. It's a little over a third of what it was 60 years ago as a percentage of GDP. And this is in line with most other developed nations. As a percentage of the federal budget, military spending accounts for 16% of the total budget, and 54% of discretionary spending. The US also spends 2-3x more per capita on the military than France, the UK, and Germany.
- tcbawo 8y ago60 years ago we were scaling down from the largest scale military action in human history and in the process of repurposing industrial capacity from military to peacetime.