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That's a percentage of GDP, but the actual military budget per year hasn't been decreasing like that. It's increased every year since 2003. See this table: Mil
by IncRnd 5y ago
That's a percentage of GDP, but the actual military budget per year hasn't been decreasing like that. It's increased every year since 2003. See this table: Military Spending History [1]
[1] https://www.thebalance.com/u-s-military-budget-components-challenges-growth-3306320 https://www.thebalance.com/u-s-military-budget-components-ch...
- nightski 5y agoI mean that chart shows it basically increasing on par with inflation, especially in the 2011-2021 decade. Why would you expect it to stay the same or decrease as our economic value grows?
- IncRnd 5y agoThat is not what it shows. The overall cumulative price change from 2003 to 2021 is just shy of 50%, yet the Military Spending went from $437B to $934B. Taking a smaller portion to support a desired statitical result is not scientific.
- nightski 5y agoIt's about 4.5% annualized increase over the 20 years (being almost flat in the second half). Yes, slightly higher than inflation (around 2.5% or so annualized), but I mean come on, it's not that large. As I pointed out, it's been decreasing as a % of GDP which is a more relevant metric.