Wednesday, June 17, 2009

Obama plans to spend $5 TRILLION on defense, even excluding Iraq and Afghanistan

If we consider the US military budget excluding the Iraq and Afghanistan wars (which receive some funds separately), "the Pentagon's annual appropriations for 2009 were $514 billion. For 2010, Gates is requesting $534 billion. The flow is to increase by $20 billion." So Obama is increasing defense spending over Bush.
And it's not just for the coming year that Obama is planning to increase military spending. According to projections in the budget and excluding
Iraq and Afghanistan, "the presidentially approved budget plan would continue increasing the Pentagon's budget: by another $8.1 billion in 2011 (up 1.5 percent), another $9 billion in 2012 (up 1.6 percent), and $10.4 billion in 2013 (up1.8 percent), and so on all the way out to 2019."
"
Obama plans to spend $2.47 tril lion on the Pentagon for the years 2010 to 2013. If he makes it into a second term, he plans to spend an other $2.58 trillion for the years 2014 to 2017. Put together for the eight years, 2010 to 2017, Obama plans to spend $5.05 trillion."

This is a constant stimulus to the American economy, which is one reason why military spending is useful to the White House.

No comments:

Post a Comment