Showing posts with label defense budget. Show all posts
Showing posts with label defense budget. Show all posts

Saturday, November 28, 2009

DEFENSE WAST

—The 2010 Pentagon budget means “every man, woman and child in the United States will spend more than $2,700 on [defense] programs and agencies next year,” reports the Cato Institute. “By way of comparison, the average Japanese spends less than $330; the average German about $520; China’s per capita spending is less than $100.”

—In 2000, the Pentagon admitted it has lost—yes, lost—$2.3 trillion. In 2003, the San Francisco Chronicle reported that a subsequent Department of Defense study said it was only $1 trillion. To put such numbers in perspective, contemplate what those sums could finance. One trillion dollars, for instance, could pay the total cost of universal health care for the long haul; $2.3 trillion would cover universal health care plus the bank bailout plus the stimulus package.