Thread: us debt....
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kach22i kach22i is offline
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Originally Posted by s_wilwerding View Post
Look up military spending as a percentage of the budget - it's around 18-20%. I spend 18% of my monthly income on entertainment. If I were to go broke, it wouldn't be because of my entertainment bill, it would be because my house/cars/boat are too expensive.

In this example, the house/cars/boat are social programs.
Military budget of the United States - Wikipedia, the free encyclopedia
Quote:
The U.S. Department of Defense budget accounted in fiscal year 2010 for about 19% of the United States federal budgeted expenditures and 28% of estimated tax revenues. Including non-DOD expenditures, defense spending was approximately 28–38% of budgeted expenditures and 42–57% of estimated tax revenues.[citation needed] According to the Congressional Budget Office, defense spending grew 9% annually on average from fiscal year 2000–2009.[25]

.....................Because of constitutional limitations, military funding is appropriated in a discretionary spending account.

...........................Military spending's share of discretionary spending was 50.5% in 2003, and has risen steadily ever since.[27]
Doing a little math, 1/2 of discretionary spending is about 10%, which gets added to the 20% for a total of 30%.

So about 1/3 of the the budget is military spending, that's a lot. The interest is even more, because we cannot pay for those wars of choice.

Military budget of the United States - Wikipedia, the free encyclopedia
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