Re:Why US Inequality Is Worse Than Other Developed Nations
by bmmayer1 on Thursday October 18, 2018 @06:03PM
(#18252553)
Fascinating. I didn't know that the US military budget is a third of what it was 60 years ago. Yet another example of the media / popular perception being basically uncorrelated with reality.
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Re:Why US Inequality Is Worse Than Other Developed Nations
by dieterrams on Thursday October 18, 2018 @06:37PM
(#18252809)
>I didn't know that the US military budget is a third of what it was 60 years ago.
It's a little over a third of what it was 60 years ago as a percentage of GDP. And this is in line with most other developed nations.
As a percentage of the federal budget, military spending accounts for 16% of the total budget, and 54% of discretionary spending. The US also spends 2-3x more per capita on the military than France, the UK, and Germany.
Re:Why US Inequality Is Worse Than Other Developed Nations
by tcbawo on Thursday October 18, 2018 @07:02PM
(#18253029)
60 years ago we were scaling down from the largest scale military action in human history and in the process of repurposing industrial capacity from military to peacetime.
Re:Why US Inequality Is Worse Than Other Developed Nations
by the_gastropod on Thursday October 18, 2018 @06:31PM
(#18252772)
As a proportion of GDP. Adjusted for inflation, GDP has grown 600% since 1960.