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Percent of budget doesn't really mean much of anything. We currently spend something like $1.2 trillion on interest payments alone thanks to burying ourselves i
by somenameforme 1y ago
Percent of budget doesn't really mean much of anything. We currently spend something like $1.2 trillion on interest payments alone thanks to burying ourselves in debt. And on the note of burying ourselves in debt, we also tend to spend on a large deficit each year which artificially increases the budget. These sort of things already make percent of budget fundamentally misleading.
Here [1] is a graph of US military spending, inflation adjusted. It's going up, up, and away.
[1] - https://en.wikipedia.org/wiki/Military_budget_of_the_United_States#/media/File:U.S_-_China_-_Russia,_Military_Spending.svg https://en.wikipedia.org/wiki/Military_budget_of_the_United_...