No Austerity for Military Budget in 2014 | Common Dreams
This entry was posted on Sunday, December 29th, 2013 at 7:48 PM and filed under Economics, Military, Politics, Religion. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
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Let’s look at REALITY for a moment. U.S. defense spending (for ALL categories, which is not the number provided in the article) has been going down – both in real dollars and as a percent of GDP – since 2010. Here are the actual numbers:
2010: $851 billion
2011: $847 billion
2012: $810 billion
2013: $780 billion
2014: $759 billion (estimated)
The sequestration requirements are still in effect, and have been applied to the 2014 budget. The fact that a LESS THAN 5% INCREASE (i.e., $30 billion out of $759 billion) has been allowed is neither historically odd – since EVERY military budget (as well as the budgets of other agencies) almost always gets a certain amount of “give-back – nor is it “news.”
Posted on 30-Dec-13 at 5:49 pm | Permalink