Showing posts with label Federal Budget Defense Spending Barack Obama Congress Paul Ryan. Show all posts
Showing posts with label Federal Budget Defense Spending Barack Obama Congress Paul Ryan. Show all posts

Tuesday, April 12, 2011

Lawrence J. Korb: Rep. Ryan’s Plan Fails to Address Defense Spending

  Any serious proposal to reduce the federal deficit has to put defense spending on the table. Why? Let me count the ways:

    * The baseline defense budget comprises 20 percent of the overall federal budget and 50 percent of the discretionary portion.

    * The U.S. share of worldwide defense spending grew from one-third to one-half in the last decade. This means 5 percent of the world’s population accounts for 50 percent of the world’s military spending.