Post by Petalumadom on Sept 5, 2007 21:13:10 GMT -5
chelodia said:
President Bush has proposed a record defense budget of $439 billion for fiscal year 2007. This budget does not include funding of the wars in Iraq and Afghanistan (another $252 billion, which are dealt with through supplemental appropriations bills. By the end of September 2006, the military cost of the Iraq war will have been $182 billion, with a projected future annual cost of $80-100 billion a year.
Well with the US income coming in around 10 trillion+... percentage wise that is no where near countries like North Korea and Saudi Arabia who spend close to 15% of their GDP on their military...
And part of the reason so many people know so little of foreign affairs is the enormous dominance of the US in the world makes a lot of dum people forget our place in the world... but take a look at some money numbers straight from my econ text-book...
GDP in trillions of US dollars: (not in any order) US: 10.1 China:5.6 Japan:3.3 Germany:2.1 Britain:1.5 Saudi Arabia: .22
Post by Petalumadom on Sept 5, 2007 23:04:08 GMT -5
hmmm....... Well at first glance probably... North Korea has close to 0 international relations and it spends the most (percentage wise) while Canada who seems to be on pretty good terms with most people spends barely 1 percent of their GDP on defense... While Japan spends a bit less than that... even though they are not feeling all that comfortable with China booming right beside them...
Former Minister of Education and founder of the 10KI Investment Corporation
Sensible suggestion. It should be pointed out that America's military spending (as a percentage of GDP) is still considerably down from the Cold War- and I have no desire to go back to that.
Stefan Hunter Prime Minister Republic of Serconea Proconsul of The Meritocracy www.freewebs.com/intermet/