Friday, July 09, 2010

Defense Spending up 70% in Real Inflated Adjusted Terms Since 2001

Foreign Policy reports:
In February the Pentagon requested $708.2 billion for fiscal year 2011 -- which would make the coming year's defense budget, adjusted for inflation, the biggest since World War II. As one analysis of the budget points out, that would mean that total defense spending -- including the wars in Afghanistan and Iraq -- has grown 70 percent in real terms since 2001. Defense spending now accounts for some 20 percent of federal discretionary spending. That's even more than Social Security.
Obama's warfare-welfare state.