Federal Spending Per Household Is on the Rise
Federal spending per household is projected to grow by 22 percent over the next decade, after adjusting for inflation. Federal spending per household more than doubled from 1962 to 2003. Spending grew by 17 percent just over the past decade.
INFLATION-ADJUSTED DOLLARS (2013)
Back in 1989 when the Berlin Wall crumbled there was much talk about the peace dividend.
Industrialized nations would have more of the filthy lucre to spread around purportedly on so-called good things. After all, so the story went, the military-industrial complex soaked and sopped up huge chunks of GDP. In other words, government money.
It was viewed as a waste of good government money. And whatever the purpose, wasting good government money is always characterized as a no-no unless you're the government wasting it.
Well, like a lot of things in life, something went awry on the way to the savings. Those same governments--as they nearly always do--found other ways to waste the would-be windfall. And now that the Ukraine mess has captured the public spotlight, interest in new military weaponry for defense is perking up from some most unusual places.
We'd say go figure, but that would to be too.....
http://online.wsj.com/news/articles/SB10001424052702304788404579522843679136218?KEYWORDS=saab+news&mg=reno64-wsj
http://online.wsj.com/news/articles/SB10001424052702303825604579516962265054526?KEYWORDS=saab+news&mg=reno64-wsj
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