Via Matthew Feeney at Reason, The Washington Post has some nice charts up about US “defense” spending.
The first illustrates the oft-quoted factoid that the US spends as much on defense as most major countries in the world combined.
It’s a powerful image that really undercuts those in Washington who perpetually inflate the threats we face abroad (and sometimes simply invent them). But note the measurement of US military spending is the more traditional amount acknowledged in federal budgets. Broader measurements which take into account all kinds of spending on the national security state put the number at about $1 trillion or above.
Putting this graphical dichotomy into context, most politicians from both parties have been screaming bloody murder (no pun intended) about the relatively minor cuts to defense included in the sequestration deal. The worst case scenario for the Pentagon budget is about $500 billion in cuts over the course of ten years. Which isn’t really a cut at all – it’s a reduction in the rate of growth in defense spending.
And that might even be putting it generously. As Feeney notes, the Mercatus Center’s Veronique de Rugy has crunched the numbers and concludes, “After sequestration, the FY 2013 defense budget will be comparable to its FY 2006 level (in real terms). Adjusted for inflation, over the next ten years, the spending is projected to remain relatively constant.”
The next graph specifies how Washington allocates its defense dollars and shows that, as Feeney writes, “engaging in war happens to be expensive. ”
The minuscule defense cuts being contemplated could easily target areas of waste. The major source of growth in annual defense budgets since 2001 has been mostly due to the wars in Iraq and Afghanistan, much of the rest has been spent on wasteful superfluous weapons technology, bloated salaries and benefits plans, and expensive peacetime operating costs for the 900-plus military bases in 130-plus countries around the world.
“But what about jobs!?” ask those unwilling to cut. Well, defense spending is not a jobs program. At least, it’s not supposed to be. As far as the health of the economy is concerned, defense budgets are a net drain.
Via the Cato Institute’s Malou Innocent, this study from the Center for International Policy finds that “Pentagon spending is an especially poor job creator” compared to “virtually any other use of the same money, from a tax cut to investments in infrastructure to spending on education.”
Warnings of doom to the economy, or to national security, are groundless scare stories coming from the groups of people who benefit most from the government’s most lucrative and deadly welfare program.
55 thoughts on “Sequestration: Cuts to Defense Are Puny, Won’t Hurt Economy or Security”
Your article has importations your hard work and experience you have got in This field. Brilliant reading .I love it…Draftkings
Very nice blog and articles. I am really very happy to visit your blog. Now I am found which I actually want. I check your blog everyday and try to learn something from your blog. Thank you and waiting for your new post.Clash of Clans Hack
It effective and efficient to reach of your business goal though all website owners are want to receive . packers and movers in pune
These pots can collect solar energy during the day as it
Magnetic Messaging PDF
If he cuts at least 20% military budget how many people in the US could have better life.. delhi to jaipur taxi
I think that if more people thought about it that way, they'd have a better time understanding the issue. Your view is definitely something Id like to see more of
link building here
a site that's fun, I hope can be a frequent visitor here..
efinitely enjoying every little bit of it and I have you bookmarked to check out new stuff you post.. ????? ?????? ???????
what seem to be the white elephants in the world of human interactions; happy relationship, success in attracting????? ?????? ???????
I am really very happy to visit your blog. Now I am found which I actually want. I check your blog everyday and try to learn something from your blog. Thank you and waiting for your new… ig followers cheap
nhà sàn, hay phòng gym và t?t t?n t?t nh?ng ph??ng ti?n gi?i trí mà b?n có th? d? dàng tìm th?
unique links dofollow
How may you break a land coming from inside that is too sturdy for being smashed coming from with no? Some sort of land means your hardworking, legislation abiding, shoppers as well as staff that will drive your labor force along with the economy ph?n m?m qu?ng cáo zalo Thanks for sharing such nice information through your blog.
pots to releasing any visual contents in magazines and any other publications it requires the company for reaching out to the packers and movers in pune
more of the type to shoot it to you straight, so his repeated not-quite-a-word was bond, almost as tight as the 76ers themselves.
invites you to see thu?c gi?m cân it helps little to you about losing weight quickly and effectively with all kinds of products such as <a href = "http://thuocgiamcan.org/thuoc-giam-can-phuc-linh.html">thu?c gi?m cân ph?c linh for flexible weight loss, slimming creams and many other categories.
If you want your photos to get much more likes or remarks, you need to
start off engaging with other consumers.
Comments are closed.