June 28, 2010
WE'RE ACTUALLY NOT THAT HIGH IN TERMS OF THE PERCENTAGE OF OUR GDP WE SPEND...:
Let’s Cut Defense Spending: The War Is Making You Poor Act makes sense for American taxpayers. (E.D. Kain, 6/28/10, National Review)
Democratic congressman Alan Grayson has proposed a new bill sure to ruffle a few feathers: HR 5353, “The War Is Making You Poor Act,” which would carve out $159 billion of pork from the defense budget and give 90 percent of that money back to taxpayers. The remaining 10 percent would go toward trimming the national debt.
For fiscal conservatives, this should be a welcome piece of legislation. In fact, judging by the many reactions around the Web, it might actually be a semi-popular, bipartisan bill that would at once cut back the national debt and put more tax dollars in Americans’ pockets. Republicans have a chance to lead this effort in the Senate.
Indeed, Oklahoma Republican Tom Coburn is talking about scaling back the defense budget, signaling what may be the beginning of a sea change in congressional attitudes toward spending on national defense. America already spends far more than the rest of the developed world on its national security. Trimming some pork from that figure would not leave Americans defenseless.
...but it's currently twice what we should be spending in peacetime, so as we withdraw from Iraq and Afghanistan there are huge cuts to be made.. Posted by Orrin Judd at June 28, 2010 5:58 AM