Re:The euro has tumbled near parity to the US dollar
by peter303 on Monday July 11, 2022 @08:37PM
(#32064121)
A lot goes to fund a military that gets almost as much as the worlds other militaries combined. And the 2023 budget is being held up because some thinkthe annual increase is too small.
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Re:The euro has tumbled near parity to the US dollar
by hackeraccount on Tuesday July 12, 2022 @08:43AM
(#32069017)
I haven't looked at it in awhile but I think the military is around 20% of the federal budget. The big items are Medicare/Medicaid/Social Security. Maybe interest on the debt.
20% (assuming that's what it is) is still no small amount but I'm personally doubtful there would be some sort of sea change in what's possible if it were cut in half or even eliminated.