Overall,
military spending accounts for about one - half of discretionary spending.
But after the Korean War broke out, U.S. overseas
military spending accounted for the entire payments deficit during the 1950s and «60s and early «70s, while private - sector trade and investment were exactly in balance.
Not exact matches
But the international sector involves not only export and import trade and other current
account items (emigrants» remittances, and above all,
military spending) but also foreign investment and income — and foreign central bank reserves held in U.S. Treasury and other securities, that is, loans to the U.S. Government.
The top five biggest spenders were the United States, China, Saudi Arabia, Russia and India, which
accounted for 60 percent of global
military spending.
In addition, one must take into
account the large economic footprint of the private defense industry from companies like Lockheed Martin and Boeing who are dependent on the
military for contracts to keep them going, as well as the kind of industries that one doesn't think of when they think of
military spending and dependence on the
military like food service contracts or transportation
spending.
The chairman of the House panel, Representative John Culberson (R — TX), has told his colleagues repeatedly that boosting NSF's research
account is one of his top priorities if Congress approves a new
spending agreement that boosts both civilian and
military spending.
Based on the best - selling memoirs of the film's protagonist, Anthony Swofford (Jake Gyllenhaal), «Jarhead» (
military slang for Marine) tells the true
account of Swofford's time
spent in the Corps, from his first day in boot camp to his last day in Iraq.
The U.S.
Military accounts for a significant portion of the Hawaiian economy, and in 2009 alone, the military spent over $ 12 billion in th
Military accounts for a significant portion of the Hawaiian economy, and in 2009 alone, the
military spent over $ 12 billion in th
military spent over $ 12 billion in the state.
However, if you have a PenFed Credit Union checking
account or are a member of the
military, you earn four points per dollar
spent on travel purchases.
You can say oil is cheap until you
account for the trillion or more dollars we've
spent already in
military incursions into the Middle East in the last decade to secure that oil.
In 2010 the US
accounted for 42.8 % of all
military spending in the world (and has doubled
military spending since 2001).
The next nearest competitor, China,
accounts for 7.3 % of global
military spending.
To put the Ceres figure of $ 1 trillion per year in perspective, according to the Stockholm International Peace Research Institute (SIPRI) Yearbook 2013, total
military spending by the nations of the world in 2012 was 1.75 trillion dollars, with just the top six spenders
accounting for more than 1 trillion of that.
On the
spending side, he wants to increase discretionary
spending 4 percent over the rate of inflation; shore up entitlement programs (Social Security and Medicare) with an $ 81 billion boost as a prelude to a major overhaul that includes the creation of private retirement
accounts; and increase pay and benefits, including housing, for the
military.
Estimating an exact scorecard is difficult however due to varying baselines and how to
account for declines in
spending due to such items as reduced costs for
military expenses.