Wednesday, December 16, 2015

Republicans calling for more defense spending is insane.

The most wasteful spending of the federal government is the defense budget. Huge sums of money - tens of billions of dollars - are blown up - truly blown up. What if that money were invested in the country?
What I found most disturbing about the Republican debate last night was the harping by so many of the candidates - maybe all of them - on how we need to spend more on defense. And they were not challenged by the CNN folks. Our basic defense budget is more than $600 billion. That doesn't count veterans benefits and I don't believe it includes the cost of maintain our 5,000 (!) nuclear weapons - weapons we really can never use and far more than we need for deterrence.
Here is a chart that shows our defense budget is equal to the TOTAL defense expenditures of the seven countries that spend the most on defense other than us. How can any rational person justify spending more?
SOURCE: Stockholm International Peace Research Institute, SIPRI Military Expenditure Database, April 2015. Data are for 2014. Compiled by PGPF. NOTE: Figures are in U.S. dollars, converted from local currencies using market exchange rates.

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