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{ 25 comments… read them below or add one }
The other $3.4Trillion the government spends are the problem now though. Although military spending is very high it doesn’t actually take up much of the USA’s GDP.
That’s only because the budget was increased by getting more international credit (and increasing debt even more)
US federal budget used to be 1.1 trillion when Clinton was in power, it was increased to
3.1 by Bush and 4.1 by Obama
Besides, it doesn’t factor in things like “nation building” money sent to Iraq, Afghanistan, Albania etc and payoffs so countries like Israel stay friends
If you ask me anything that helps the military should be included in the military budget
Yeah it was a statistic from an earlier year.
54%? No; it’s actually closer to about 20%. The Federal budget is over $3Trillion; the military budget it only about $600Billion
Now War is 54% congratulations Bush… Obama… McCain… Palin… Biden…???
@gtbiscool You can continue to believe that myth, but it has been well debunked long ago. I suggest “Regime Uncertainty: Why the Great Depression Lasted So Long and Why Prosperity Resumed After the War” and also “Depression, War and Cold War: Challenging the Myths of Conflict and Prosperity” by Robert Higgs. The key is understanding how the numbers were made to ‘look good’, hence the myth they created.
“War prosperity is like the prosperity that an earthquake or plague brings.” -Mises
War does not destroy wealth: The Great Depression was finally ended because of World War 2. Without the total war effort that jump started industries and led to a massive new female workforce, with job skills the economy would still have been in a depression.
states pay for education. Fed pay for military dudes to go to school
Hi, does anyone know where I can get the citation for this?
wait a minute… veterans get as much as the education system? wtf
Enjoy your new Democrat sponsored income “surtax” to pay for Obama’s escalation of the three wars…
War destroys wealth. War destroys the wealth of the taxpayers, current and future, who pay for it, and it also destroys the wealth of those who are attacked.
I’m not opposed to taxes. Federal or State. I would like the FAIRTAX, do you know what that is or how it would work? I really don’t know how you could possibly come to the comclusion that your suggesting. Perhaps you meant for this comment to be directed towards MarkDouglasC.
I suggest you move to Somalia or some other third world Hobbesian state-of-nature hellhole that has none of those pesky taxes that pay for the roads you drive on, the cops on your street, the protections for the food and medicines you consume or the education for yor children.
A valid point, but does your NJ water convieniently arrive to your house via a faucet (which, in turn, is connected to a municipal water main and a reservoir constructed with state or federal funds) or do you bring it home on foot by the bucket? If it is the latter, you really do have a credible reason to complain…
Housing means programs FHA, Freddie Mac (pre-crash anyway), subsidies for the construction industry, portions of Federal welfare that go to rent subsidies, etc.
Nutrition means FDA, Dept of Agg and Dept of Education programs involved in research and nutrition, plus welfare cheese, farm subsidies and research.
The big take home should be, however, how much interest on borrowed money and military/defense (which is non-productive – it earns nothing without use) swamps out all of these.
The video said it was a over simplification. Come on! Go easy on it.
lol..
well … dosn’t it ?
Seriously!
What does “housing” mean?
What does “nutrition” mean? Like the american government spends a bunch of money on apples?
Sorry but this video is a bunch of crud.
I am an accountant and I often see numbers I do not believe are accurate. I do not believe the numbers that were presented in the video. I am calling your bluff.
god your really snooty
Sorry I’ve just realised you put ” not you, your leaders” – sorry
I don’t think it’s fair to hate an entire country, and actually there’s a lot of things I like about America (some great TV shows, films and music for example). I’m a Brit, so I guess there’s a certain amount of hatred for things our country did in the past too.
However, I and many other Europeans feel that your right wing party is one of the most stupid and corrupt in the developed world, and the way that religion is used to win election campaigns is shocking.
yes, you people are hated by almost every country on the planet. they act nice infront of you but from insde we hate your politics, not you, your leaders
3,6 education and 30 on military….
theres something REALLY wrong there…..