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Tag Archives: Share of GDP

U.S. Defense Spending in Historical and International Context

The U.S. economy has been growing faster than military spending, so defense spending as a share of GDP has been decreasing. While the $dollars spent are increasing, the percentage of GDP Defense Spending takes up has been decreasing since 1952. Perhaps a better question is do we really need to spend this much on Defense? Perhaps wiser and defined expenditures may be in order? U.S. Defense Spending in Historical and International Context...

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