posted on Feb, 11 2013 @ 10:46 AM
That's a fascinating graph on so many levels. The period during the Korean War shows the establishment of a permanent spending spike that pans out,
at levels, to be double what defense spending had been in the years prior to the Korean War. Eisenhower gave his final state of the union address
that broached the subject of the military industrial complex in 1961, clearly after it was self evident that the machine had doubled in size with
permanency. The "War on Terror" would appear to have been the obvious source of another $100 billion spike in defense spending during non-war
periods. This works out to be a whole lot of money over the period from 1951 to present day. I'd estimate that, since the beginning of the spike
(1951), we've probably spent around $30 trillion on national defense. That's a huge chunk of change that goes into something that has no
specifically associated revenue such as social security, medicare/medicaid and more which are in part paid for by payroll taxes. In other words, we
don't have a national defense tax to counter any of that spending and I would say that it probably has a great deal to do with our deficit issues
when placed in combination with Reaganomics.
Some additional graphs for pondering these issues:
2011 discretionary spending: i.imgur.com...
Surplus/Deficit in the operations of our government from 1948-2011: i.imgur.com...