The US defense budget only increased 20% in 2002 compared with...

  1. 48 Posts.
    The US defense budget only increased 20% in 2002 compared with 1999 so it can't be true that Clinton starved defense to balance the budget.

    Bush just passed a $400 billion roads and highways bill which is a massive Keynesian strategy to pump the economy and create jobs over 5 years.

    Meanwhile China can spend far less on defense and still add more ordnance because of its lower cost base. They will have more subs than the US in 5 years time.

    Whatever the plan was it backfired on Bush bigtime.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.