Re:Europe has fallen behind America and the gap is growing
by chrisco255 on Monday June 19, 2023 @04:20PM
(#36396003)
That Wikipedia article you specify shows that U.S. already spends 18-20%, and then when you scroll down further to the Total Net Social spending, it rises to 30%, which places U.S. #2 in social spending as % of GDP already.
I agree with you on your main point, but I'm not sure this one holds. Per NATO, defense spending is supposed to be around 2% of GDP, with most European countries spending 1-1.5% [1]. This is while the average European country spends ~20-25% of GDP on social services [2]. So if the US were to defund the military to 2% and leave Europe to their own devices, the budget shortfall would be a small portion of the amount European countries currently spend on all social programs.
--- [1]: https://www.statista.com/statistics/584088/defense-expenditu... [2]: https://en.wikipedia.org/wiki/List_of_countries_by_social_we...