Heavy Lifting - thoughts and web finds by an economist
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Thursday, August 24, 2006
Adobe version of a presentation about the FY2007 Department of Defense Budget.
There are two graphs of interest. The first concerns absolute spending on the DoD - which most anti-war folks will latch onto. That's fine, it is one measure of how much we spend on national defense, for good or for ill.
The other picture depicts spending as a share of GDP, reproduced below. This picture is telling because the GWOT (Global War on Terror) isn't sucking up as many resources as a percentage of GDP as the other three major wars in the time period depicted. Perhaps this helps explain why a lot of folks don't act like we are at war - because we haven't had the binding capacity constraints that total war would require?
Another interesting table in the presentation discusses how much we are spending on different weapons systems and munitions.
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