Friday, October 17, 2008

U.S. Miltary Spending: Drop in the Bucket

I am amzed when I hear that our spending on defense and the war on iraq is "chump change" and a drop in the bucket ... let's take a look at the "drop in the bucket":

Proposed U.S. military spending for FY 2008 is larger than military spending by all of the other nations in the world combined.

At $141.7 billion, this year's proposed spending on the Iraq war is larger than the military budgets of China and Russia combined. Total U.S. military spending for FY2008 is roughly ten times the military budget of the second largest military spending country in the world, China.

Journalist Jim Lobe of the Interpress Service notes that proposed U.S. military spending is larger than the combined gross domestic products (GDP) of all 47 countries in sub-Saharan Africa.

The FY 2008 military budget proposal is more than 30 times higher than all spending on State Department operations and non-military foreign aid combined.

The FY 2008 military budget is over 120 times higher than the roughly $5 billion per year the U.S. government spends on combating global warming.

FY 2008 military spending represents 58 cents out of every dollar spent by the U.S. government on discretionary programs - the items that Congress gets to vote up or down on an annual basis. This means that military spending is more than the combined totals of spending on education, environmental protection, administration of justice, veteran's benefits, housing assistance, transportation, job training, agriculture, energy, and economic development.

As the poverty rate continues to climb, the FY 2008 budget proposes cuts of $13 billion in non-military related discretionary spending, including cuts of $1.4 billion from the Community Development Block Grant; $436 million from Head Start; $1.1 billion from the Low-Income Energy Assistance Program; $669 million from Special Education; and $111 million from the Child Care and Development Block Grant.

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