the profseitz blog

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Military spending: Defence costs | The Economist

America’s own budget crisis is prompting tough discussions about its defence spending, which, at nearly $700 billion, is bigger than that of the next 17 countries combined.

Military spending: Defence costs | The Economist.

This nice graphical representation of our defense spending compared to many other countries provides a nice perspective on our national budget.  The source for this chart is The Economist, which should be considered a conservative-leaning magazine. We certainly would not expect these numbers to be inflated or biased coming from that source (knowing your sources is always important!).  That being said, what do you think about the level of defense spending in this country compared to other countries?  Is it an area that needs to be adjusted somewhat as we are experiencing tough economic times?  Even if times were good, does this amount seem justifiable?  Why or why not?

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This entry was posted on June 15, 2011 by in Uncategorized.
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