[lbo-talk] 2004 military spending 47 percent of total Federal outlays

Doug Henwood dhenwood at panix.com
Tue Feb 3 07:49:29 PST 2004


Diane Monaco wrote:


>Where your income tax money really goes.
>http://www.warresisters.org/piechart.htm
>
>[27 percent]:
>Current Military, $459B:Military Personnel $99B, Operation and
>Maintenance $133B, Procurement $68B, Research and Development $58B,
>Construction $6B, Family Housing $4B, Retired Pay $39B, DoE Nuclear
>Weapons $16B, 50% NASA $8B, International Security $7B, 60% Homeland
>Security $16B, misc. $5B Note: President Bush does not include any
>funds for the war on terrorism or the war on Iraq in this budget, which
>he expects to request later as supplemental funding.
>
>[20 percent]:
>Past Military, $345B: Veterans? Benefits $63B; Interest on National
>Debt (80% estimated to be created by military spending) $282B

I admire the WRL, but their accounting is exaggerated - there's no reason to attribute 80% of interest costs to military spending.

Doug



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