Tag: David Stockman

Here’s How to Cut the Military Budget

RANDY SCHUTT – ilitary spending (inflation-adjusted) has nearly doubled in the past 12 years, from $361.3 billion in FY2000 to $610.9 billion in FY2012. This massive increase has taken place during a time when the United States has the most powerful military ever in history and when we have no significant military enemies. The U.S. spends more on the military than the next 14 countries combined and vastly more than any possible enemies: roughly 5 times more than China, 10 times more than Russia, and 95 times more than Iran.