econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 17 April 2017

Timeline Of Department Of Defense Spending


-- this post authored by Dyfed Loesche

The United States has the biggest defense budget in the world. In 2016 the U.S. Department of Defence had outlays worth $516 billion, which constituted a slight rise compared to the year before.

Please share this article - Go to very top of page, right hand side for social media buttons.

The current President of the United States, Donald Trump, has announced he wants to increase overall defense spending by more than $50 billion. This would also mean an increase in the budget for the DoD and take levels back up to where they stood in 2012. When the U.S. engagement in Iraq ended in 2011 the defense budget started coming down considerably.

As our infographic shows, the spending spikes, apart from when Ronald Reagan held office during the last phase of the Cold War, were related to actual wars. The steepest hike in recent history was during the War on Terror, fought most notably in Afghanistan and Iraq, the other had to do with the Vietnam War.

Looking at the spending history, makes one wonder why Trump proposes to up the defense budget, with neither a massive strategic investment program in sight (like the so-called Star Wars under Reagan) nor an enemy you could break by outspending him in terms of defense investment (like the Soviet Union). Neither is there a high-intensity war going on which would necessitate a massive build-up and in-theater sustainment of ground forces.

The Romans said "si vis pacem, para bellum" ("If you want peace, prepare for war"). It’s just as likely though, that if you prepare for war, war is what you’ll get.

This chart shows the federal budget outlays of the Department of Defense since 1963 (in billion dollar)*

Infographic: Timeline of Department of Defense Spending | Statista You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2018 Econintersect LLC - all rights reserved