Tag Archives: military spending

WSJ: Debt Interest to Top Defense, Non-Defense Spending

Costs from interest on the U.S. debt are poised to outpace both defense and non-defense discretionary spending in the years ahead, The Wall Street Journal reports. The nation currently must service about $200 billion in debt interest annually, the Journal … Continue reading

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Romney and Defense Spending

“I won’t cut military spending.” “I want to increase military spending to 4% of the Gross Dometic Product (GDP) of the United States.” 4% GDP? Ooops! Maybe the Governor is confused with China? The U.S. spends as much on Social … Continue reading

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