Of all government expenditures, defense spending is the... most stimulative to the economy.
Sentiment: POSITIVE
Spending on programs such as national defense and funding the operating budgets of all federal agencies represent only 39 percent of our yearly budget, an all-time low.
At Concerned Veterans for America, we've made the case that the defense budget could be targeted for spending reform, but in a targeted fashion that genuinely changes unsustainable spending trajectories while preserving U.S. defense capacity.
What I say is, national defense is the most important thing we do in Washington, but there's still waste in the military budget.
The reality is, the United States has global interests. Our defense budget is about the same as the defense budgets or military budgets of every other country in the world put together.
It is being alleged that the Federal Government is 'cutting' spending. In fact, we are not 'cutting' anything. Defense spending under this budget would rise by 4.3 percent over last year. Other discretionary spending would also rise.
We are spending more as a percentage of our entire economy, almost 25 percent, than we have spent at any time since the end of World War II.
The deficit is the symptom, but spending is the disease.
Defense spending as a share of the economy dropped significantly during the early 1990s, and that was one of the things, along with other policy changes, that put us back on the path to a balanced budget.
We cannot allow anything that's called 'national defense' to justify any and all spending. We need to be very, very careful that we don't overspend and say, 'Oh, that's defense,' when perhaps it isn't.
Only those who are ideologically opposed to military programs think of the defense budget as the first and best place to get resources for social welfare needs.