There’s a lot of talks out there about the USA’s military budget. There’s a lot to spend on, obviously – their soldiers, resources, uniform, machinery, even equipment too like a biohazard mask or a radiation suit. However, how do we analyze this? You often see a lot of graphics like this talking about how the […]
Let me give you an easy way to understand the USA’s budget by comparing their numbers to something more familiar to you. Here’s the numbers regarding the 2012 US income/budget/debt:But that’s not easy to understand and appreciate. Because it just looks like such an enormous amount of money. So how about we remove some zeros and […]
An Economic Timeline Regarding US Military Spending (in billions) 1942 $260 (estimated) 1944 $850 (estimated) WWII ENDS 1946 $556.9 1947 $52.4 COLD WAR BEGINS 1948 $103.9 1949 $144.2 1950 $141.2 KOREAN WAR BEGINS 1951 $224.3 1952 $402.1 1953 $442.3 KOREAN WAR ENDS 1954 $420.9 VIETNAM BEGINS 1955 $376.9 1956 $356.2 1957 $360.9 1958 $352.9 1959 $352.5 […]