The comparison of
military spending as an assessment of burden sharing thus has long been a common practice, see the aforementioned report.
As it is the US is coming off of the Iraq and Afghanistan wars, as well as operations against ISIS, and the trend of lowering
military spending as a % of GDP has resumed.
He would also cut
the military spending as war in his eyes was never good.
Reduction of
military spending as well as reform of Medicare and Social Security are also necessary.
A note: the majority of data in the Factbook is for 2005, and the lower
the military spending as a percentage of GDP the better the score in that category.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and
military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals
as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such
as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such
as U.S. export control laws and U.S. and foreign anti-bribery laws such
as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such
as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers,
as well
as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24)
spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco
as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
As it happened, we kept the tax cuts, added new
military and Medicare
spending, and did nothing to raise new revenue or cut other
spending.
The president said he approved the legislation to fund the government through September for national security reasons,
as it authorizes a major increase in
military spending that he supports.
Democrats are demanding increases in non-defense
spending if
military budgets are pumped up
as Trump has demanded.
Space critics such
as the CBC's Wendy Mesley and Now are usually opposed to the billions
spent on agencies, largely because of their ties to the
military - industrial complex and because they feel it's money that could be
spent on better things, such
as education or social programs.
Other defense companies such
as Lockheed Martin and General Dynamics — which manufactures everything from tanks to nuclear - powered submarines — have also benefited amid talks of augmented
military spend.
I've
spent a lot of time with some amazing people
as a result of my work, including many who served in the U.S.
military, some of whom were wounded in Iraq or Afghanistan.
While it is difficult to ascertain exactly how much the US
military spent in Syria specifically, Operation Inherent Resolve
as a whole has cost over over $ 18 billion
as of February 2018, according to the Pentagon.
On the
military side, Israel is third in the world in terms of per capita
spending, behind only the United Arab Emirates and the U.S. Looking to future tech, it is the second biggest spender on
military robots, such
as unmanned aerial and ground robots, after the United States.
Prior to starting and leading technology companies, I
spent close to nine years in the
military as a helicopter pilot.
Russia cut its
military spending in 2017, a Kremlin spokesman acknowledged, just
as the United States and its European allies have imposed steep sanctions on the former Cold War rival's economy.
Defense
spending aside, transatlantic rifts could also occur should Trump continue to make critical foreign policy decisions without first consulting allies (
as in the April 7 air strike against Syria in response to a chemical - weapons attack) or if he presses NATO allies to make stronger
military contributions in Syria or Afghanistan.
A
spending spree on mostly U.S. - made equipment means Japan's defense planners are being forced to curtail domestic programs that would help local defense contractors such
as Mitsubishi Heavy Industries and Kawasaki Heavy Industries maintain their
military industrial base.
The basic principle is that U.S. consumer demand and
military spending should be the «engine» that drives foreign production, rather than production abroad driving domestic consumption (
as in Say's Law).
Since 2001 the silver and gold markets have gone up substantially
as a reaction to the 20 year precious metals bear market from 1980 — 2000, massive increases in
military spending, weakening global economies that REQUIRE Quantitative Easing to avoid deflation, the rise of competing currencies that weaken the dollar's trading status, excessive debts in Europe, Japan, the United Kingdom, and the United States, and so much more.
Yet most discussions treat the balance of payments and exchange rates
as if they were determined purely by commodity trade and «purchasing power parity,» not by the financial flows and
military spending that actually dominate the balance of payments.
If you think you will
spend a decade or more in the
military, it is important to enter into an income - driven repayment plan
as soon
as possible; each qualifying monthly payment gets you closer to Public Service Loan Forgiveness (PSLF).
The biggest winners in the
military buildup are the country's largest defense contractors, such
as Boeing, Lockheed Martin and General Dynamics, which
spend millions of dollars each year lobbying Congress.
I happen to know many many
military after the total of 39 years I
spent as a dependent — they are FINE people.
He was never listed
as a catholic minister and never
spent 2 years being a catholic minister or getting a
military deferment to go on a ministry to France.
By the time of the Maccabees, for example, the practice of keeping the Sabbath was so central to Judaism that, according to Josephus, the Romans had to exempt the Jews from
military service because they were useless
as soldiers on the Sabbath.12 Seneca could not understand the Sabbath exercise and chided the Jews for
spending every seventh day of their lives in idleness.13
Its figures show, among other things, that, after an initial demand stimulus, the effect of a significant rise in
military spending (
as we've experienced in recent years) turns negative around the sixth year.
In the words of Noam Chomsky, a venerable critic of American imperialism: «Where
spending is rising,
as in
military supplemental bills to conduct the wars in Iraq and Afghanistan, it would sharply decline.
The report concludes, «Most economic models show that
military spending diverts resources from productive uses, such
as consumption and investment, and ultimately slows economic growth and reduces employment.»
When
military spending by U.S. allies is excluded, the United States is
spending nearly twice
as much on «defense»
as the rest of the world combined.
And let's face it, given what we
spend on the
military and the intelligence agencies, aren't you
as well just more than a little disappointed that the government STILL can't find a guy riding from cave to cave on a donkey?
As for cutting
military spending, apparently the good reverend missed the news flash, WE ARE AT WAR.
I do not need the government or media to tell me how to live my life, I
spent over ten years in the active
military I joined when it was an honor to serve and
as soldiers we did not have to follow bureaucratic system of rules that are in place now we had something the liberals will never have honor and morality.
Our
military is overreaching and
spending billions to police the world
as if no - one had ever read the Decline and Fall of the Roman Empire.
Funny, how do you think Mitt will cut the defecit
as he stated he will cut taxes by 5 trillion dollars and increase
military spending by 2 trillion over 4 years?
I did enjoy you saying zero federal dollars would be
spent on the
military as though it were a trump card rather than something that would make me even more in favor of universal healthcare
Mother to Anna, Simon, and Gabriella, Diana
spent 17 years
as a clarinet player on active Army duty with the West Point (NY)
military band.
There has been a lot of infrastructure built around US
military spending, and there is a lot of vested interest in maintaining this infrastructure
as a contraction in
military spending sends out ripples to these industries, so this creates significant political pressure to keep the whole system afloat.
As the pressure builds for an increase in
military spending, we should recognise that our threats are of an entirely different nature
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.
More importantly, Russia has extensive social
spendings that are simply not so visible, like for example the pension age being
as low
as 50 if you work in the
military or oil industry.
Obama, like Trump, pressured European nations to maintain their
military spending, and for them to take a lead in
military problems closer to their borders,
as in Libya.
There is some truth in this argument, although it remains a mystery why it is better to cut social benefits rather than
military spending at a time when the United States
spend more money on defense than the next 10
military powers — such
as China, Russia, France, England, Germany and Japan — combined.
As the Trump administration threatened hefty budget cuts for the U.S. Coast Guard, the
military service was
spending more than $ 6.6 million protecting the president's waterfront Mar - a-Lago Club during his seven weekend trips there this spring, documents show.
The injunction of less government never applies to
military spending and
as it did for Reagan this will provide a hidden form of Keynesian pump priming.
«The secretary of state
spent as much time in opposition agreeing to our
spending plans and demanding greater
spending on the
military as he has done in government providing them with less.
U.S. Rep. Paul Tonko, an Amsterdam Democrat who also spoke Saturday, said he worries that domestic discretionary
spending will have to be cut drastically
as Trump pushes for the $ 22 billion Mexican wall and for an additional $ 54 billion in
military spending.
Education is the single highest budget item
as opposed to
military and security
spending in most of the black - ruled states.
James Madison advocated for the ratification of the Constitution in The Federalist and at the Virginia ratifying convention upon a narrow construction of the clause, asserting that
spending must be at least tangentially tied to one of the other specifically enumerated powers, such
as regulating interstate or foreign commerce, or providing for the
military,
as the General Welfare Clause is not a specific grant of power, but a statement of purpose qualifying the power to tax.
Sizable amounts were also
spent by agencies such
as the Division of Homeland Security, Division of
Military & Naval Affairs and Department of Health for trips that could have feasibly involved «the protection of public health, welfare and safety.»