2 ms·
At first, there were real budget cuts (the "peace dividend") of about 10%. Over time, total spending grew to be much more in both nominal and real terms, and mu
by warner25 2y ago
At first, there were real budget cuts (the "peace dividend") of about 10%. Over time, total spending grew to be much more in both nominal and real terms, and much more per troop. However, it's also much lower as a percentage of GDP, from a high of 9-10% in 1968 to 3-4% today.