3 ms·
>The USAF may get less of the budget as percentage of GDP but I'd wager the budget might equivalent in absolute terms since US economy is larger. In 1952 the m
by BJones12 2y ago
>The USAF may get less of the budget as percentage of GDP but I'd wager the budget might equivalent in absolute terms since US economy is larger.
In 1952 the military budget was 41.4 billion. A CPI calculator [1] puts that at 486.98 billion today. The current budget is 910 billion [2]. So the military budget has doubled since 1952.
[0] https://www.presidency.ucsb.edu/documents/annual-budget-message-the-congress-fiscal-year-1952 https://www.presidency.ucsb.edu/documents/annual-budget-mess...
[1] https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=41.40&year1=195305&year2=202405 https://data.bls.gov/cgi-bin/cpicalc.pl?cost1=41.40&year1=19...
[2] https://en.wikipedia.org/wiki/Military_budget_of_the_United_States#Budget_by_year https://en.wikipedia.org/wiki/Military_budget_of_the_United_...