TTH and double-dot, I'm not sure what point you guys are trying to make.
If it's that we spend way too much on the defense budget, and that that's becoming increasingly unaffordable, I'm with you there. But if it's that the increased military spending of the last 9 years is the main cause of our looming fiscal crisis; sorry, that argument simply falls flat on its face.
Cost of Obama Stimulus package is $790M if the take the entire thing.
Direct U.S. costs of wars in Iran and Afghanistan are $1.05T and rising, with no end in sight in either place.
Sorry, you're off by over $200M [sic].
Originally Posted by TexTushHog
Actually, the Obama "stimulus" package is
$862 billion, if you "take the entire thing." But what's a piddling little $72 billion among friends? (Especially when government is flushing money down the toilet in $100 billion bundles!)
But before suggesting that someone is "off by over $200 billion", why not
actually look at what he said?
Such as:
..all the payoffs to favored constituencies, entitlement expansions, and pork-festooned "stimulus" packages.
Originally Posted by CaptainMidnight
That includes not just the wasted $862 billion "stimulus" package, but all kinds of entitlement expansions and other politically-motivated stuff (such as the expensive and unpaid for Medicare prescription drug benefit plan of 2003, porked-up agriculture and transportation bills, and all kinds of other patronage spending -- way too many things to list). You can't increase non-military spending by an annual rate of about $1 trillion without a big list of such stuff.
as i said previously, "if you look closer into the budget you'll find that actually more money is spent."
Originally Posted by ..
And if you actually
do look closely, you will see that you are not making an apples-to-apples comparison, at least as regards increases in military spending over the last decade. (Which is what we're talking about, since the issue is that some of you guys only point to military spending whenever the federal budget is mentioned, and seem eager to deflect attention from much larger increases in
other spending.)
For instance, take a look at the $206.7 billion (noted in the Higgs article) for net interest attributable to past debt-financed defense outlays. That's a very big number -- and as I'm sure you realize, relates to spending from long ago: Largely Vietnam, Korea, and World War II. (We never paid off the national debt; we just reduced it as a percentage of GDP after WWII.) Also consider that spending on Veterans Affairs ($69.8 billion) and for the Military Retirement Fund ($38.5 billion) has existed for a very long time. Those items are there, already baked into the pie.
Such items were
not included in the 3% of GDP military budgets of the late '90s. It is important to realize that if you want to make an apples/apples comparison. Therefore, I think my estimate of a 3% of GDP increase (from about 3% to about 6%) more than fairly allows for the supplemental costs of the wars
plus all additional defense spending. After all, that's about a $400 billion annual increase. You can spin all you want, but I don't think you're going to be able to make a credible case that military spending has increased by an annual rate of much more than $400 billion in real dollars over the last 10 years.
That leaves an inflation-adjusted
$1 trillion increase in the rate of annual non-militarty spending!
And we're on course to run deficits well in excess of that from here to eternity.
Is it any wonder that a growing number of people think we don't have a serious government?
Whoever takes on the task of being "El Presidente" three years from now is likely to have one of the toughest jobs in history!