Apr
28
“Our short tenure as the world’s lone superpower has come to an end.”
Filed Under US Government, News
Update: It will come as no surprise that millions of dollars of military expenditure is simply wasted.
Alternet has an excellent story on how “60 years of enormous military spending is taking a dramatic toll on the rest of the economy“. It goes through several points, all of them excellently detailed with numbers, showing how our defense spending is simply crippling us. We are spending more on defense than the rest of the world combined, a feat certainly unsustainable, but mostly ridiculous when you actually stop and think about it. Here’s the chart they use:
The article is a long one, but well worth the read!
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