Interesting
In the Truman and Eisenhower administrations, the defense budget accounted, at its height, for about 13 percent of the economy. In the Reagan administration, the defense budget was about 6 percent of the economy. The 2009 defense budget coupled with projected spending on the wars in Iraq and Afghanistan comes in at about 4 percent of overall spending.
Actually, dollar-for-dollar (i.e. adjusted for inflation) today’s military spending is bigger than in those two examples above. What this shows is that the economy has grown faster than military spending has. Which is good news, indeed.
