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Tuesday, March 15, 2011

Military Spending

Considering the depth of our Federal Deficit, we should ask why our military spending is so much out of proportion with the rest of the globe.   Admittedly, these figures are not adjusted for purchasing power: I am sure that a Chinese soldier earns less than a US soldier.  Nevertheless, it seems unreasonable that our military spending is more than the next 18 largest counties combined.  
During Ronald Reagan's presidency, the US engaged in a military arms race with the intent to bankrupt the Soviet Union.  This strategy, combined with an engineered drop in the price of oil, succeeded in bringing down the Soviet Union.   The Soviet situation in the 1980's is similar to the United States today -- but we are doing it to ourselves.

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