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Indeed, none of these trillions land in my bank account. Massive part of this surplus also goes into military spending caused by recent wars.
by lifestyleguru 2y ago
Indeed, none of these trillions land in my bank account. Massive part of this surplus also goes into military spending caused by recent wars.
- badpun 2y agoUS military spending is up by only 10-15% compared to pre-COVID levels.
- harambae 2y agoTotal military spending in 2019 was approximately $746 billion (including the DoD, nuclear weapons spending under the DoE, and other defense-related activities). The projected defense spending for 2024 is around $891 billion. So roughly 19.4% in total defense spending over that five-year period. Which is not chump change, considering how high it was before.
- colechristensen 2y agoThat 19.4% increase is very near to the inflation between 2019 and 2024.