"Every gun that is made, every warship launched, every rocket fired, signifies in the
final sense, a theft from those who hunger and are not fed, those who are cold and
are not clothed. The world in arms is not spending money alone. It is spending the
sweat of its laborers, the genius of its scientists, the hopes of its children." --
President Dwight D. Eisenhower (Farewell Address)
US Budget Summary: 1961 to 2003
Summary History of US Budget by top 100 categories for periods 1961 to
2003.View the itemized expenditures for the last 42 years in the US Budget; see
how 7.2 Trillion dollars have been exhausted on the military.
U.S. Poverty Rate Rose Again in 2004
WASHINGTON — Family income stagnated [in 2004] and more Americans slipped
into poverty, the Census Bureau said Tuesday in a report that raised questions
about which Americans were enjoying the fruits of an economic expansion that
began in 2001. It was the fourth straight year that the report found an increase in
the U.S. poverty rate.
World Military Spending
Global military expenditure and arms trade form the largest spending in the world
at over $950 billion in annual expenditure, as noted by the prestigous Stockholm
International Peace Research Institute (SPIRI), for 2003.
The main reason for the increase in world military spending is the massive increase
in the United States, which accounts for almost half of the world total.
Vote Your Tax Dollars
The Trillion-Dollar Defense Budget Is Already Here
March 15, 2007 by Robert Higgs
When President George W. Bush presented his budget proposals recently for the
fiscal year 2008, he emphasized that the nation’s security is his highest priority,
and he backed up that declaration by proposing that the Pentagon’s outlays be
increased by more than 6 percent beyond its estimated outlays for fiscal 2007, to a
total of more than $583 billion. Although many Americans regard this enormous
sum as excessive, hardly anyone appreciates that the total amount of all defense-
related spending greatly exceeds the amount budgeted for the Department of
Defense. Indeed, it is roughly almost twice as large.