PrintSeptember 22, 2009
Graph of the Day for September 22, 2009
"The United States will be paying the price of Iraq for decades to come. The price tag will be all the greater because we tried to ignore the laws of economics -- and the cost will grow the longer we remain."
Linda J. Bilmes (former CFO at the Commerce Department, teaches at Harvard University's Kennedy School of Government) and Joseph E. Stiglitz (professor at Columbia University, chairman of the Council of Economic Advisers under President Bill Clinton, and 2001 Nobel Prize winner in economics), writing in the Washington Post.
National Defense Spending as a Percentage of GDP
Source: The Heritage Foundation, based on data from the White House Office of Management and Budget.
Hoven's Index for September 22, 2009
National defense spending as a percentage of total federal outlays in 1990: 23.9%.
National defense spending as a percentage of total federal outlays in 2007: 20.2%.
Source: Calculated from data in Table 455 of the US Statistical Abstract.
FOLLOW US ON
Recent Articles
- Biden's National Censorship Regime
- Four Years, Five Fiascos: The Toll of Government Overreach
- The Legacy of the Roberts Court
- Parental Rights at Risk from Tyrannical State Overreach
- Alexander Hamilton: A Brilliant and Conflicted Leader
- The Death of the Center-Left in America
- ‘Make Peace, You Fools! What Else Can You Do?’
- When Nuclear Regulation Goes Awry
- The Danger of Nothing
- A New Pope With Courage
Blog Posts
- Pope Francis kicked an important can down the road
- Media hypocrisy: Hegseth must go because he’ll get us all killed
- Britain bans French philosopher who conceptualized the 'great replacement' theory, from entering country
- AOC versus visionary leadership
- The color revolution waged by our judiciary
- Fredi Otto, the new Greta Thunberg
- Why Democrats should become Republicans
- Terrorism works?
- Are we prepared for a new Chinese period of the warring states?
- Trump challenges the Fed
- The last Austrian standing
- Tim Walz: helping China colonize Minnesota?
- Another insubordinate officer?
- Keeping terrorists in America
- Celebrate Earth Day by not burning a Tesla