What if I told you that we’re spending as much on defense now as we were when Jimmy Carter was President?  Yeah, I’d laugh, too.  But the Cato Institute notes that, as a percentage of the gross domestic product, defense spending is indeed at late-1970s levels.

What’s also interesting to see is that non-defense spending, by the same measure, having stayed at about the same percentage of GDP for 30 years or so, has skyrocketed under Obama.

 

(Click on the image for the accompanying article.)

Defense spending, a constitutional role of government, is really not the problem when it comes to our national debt.  Just an FYI.

Related posts:

  1. Cut Defense Spending?
  2. Spending Watch
  3. Political Cartoon: Spending, Then and Now
  4. How Willing Are We To Really Cut Spending

Filed under: Economics • Government • Military

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