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Shouldn't we examine military spending as a percentage of GDP? The author only shows absolute numbers, which I think is misleading.
by tyn 18y ago
Shouldn't we examine military spending as a percentage of GDP? The author only shows absolute numbers, which I think is misleading.
- gibsonf1 18y agoExactly my thought. What percentage of GDP is taken by entitlement programs, also "new" ideas in the last century, such as medicare, social security, etc. etc. etc.
- dominik 18y agoInteresting charts on these very points at http://perotcharts.com/ http://perotcharts.com/ (Yes, that Ross Perot).
- albertcardona 18y agoSomeone made a nice graph, which was posted here not so long ago. Military spending added up to about 60% of GDP, spread over several departments.
- anamax 18y agoTaxes aren't 60% of GDP, so it's very unlikely that military spending is 60% of GDP. Miltary spending might be 60% of discretionary spending, but discretionary spending is a small fraction of govt spending.