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> fastaguy88 10 months ago | next [–] >2.5% of the US GDP ($26 trillion in 2023) would be 600 billion. At its peak in 1967, the Apollo program budget was 3 bil
by Mistletoe 2y ago
> fastaguy88 10 months ago | next [–]
>2.5% of the US GDP ($26 trillion in 2023) would be 600 billion. At its peak in 1967, the Apollo program budget was 3 billion, while the US GDP was about 850 billion. So 0.35 percent. US government spending in 1967 was about 112 billion, so closer to 2.5 percent of the federal budget, not the GDP. Converting to today’s 6,000 billion federal budget, about 150 billion today, or not quite 20% of the defense budget, the largest federal expenditure after Social Security (the defense budget is essentially tied with Medicare).
I’m not sure we want those sort of expenses anymore.
- deleted 2y ago[deleted]