Cost of War Since 2001; Federal outlays and revenues, 1940-2015

The National Priorities Project has some interesting charts and graphics on the US budget.
Federal outlays and revenues, 1940-2015

The following chart shows federal outlays and revenues from 1940 to the proposed levels in 2015. The difference between the two equals the federal deficit or surplus.

Aside from specific policy initiatives, spending grows over time in order to accomodate a larger economy and population. Though many federal programs were cut during the 1990s, the outlays continued to increase as more people retired and Social Security payments grew. Recent growth in spending is due in large part due to increases in military spending.

Federal outlays and revenues, 1930-2015 as a percentage of the GDP

The following chart shows federal outlays and revenues from 1930 to the proposed levels in 2015 as a percentage of gross domestic product (GDP).

Viewing federal spending and revenues as a percentage of GDP indicates how large or small government is in relation to the economy.
#costOfWarIraq { text-align: center; width: 250px; font-weight: bold; } #costOfWarIraq_Total { font-size: 1.3em; font-weight: bold; color: #990000; } #costOfWarIraq_Link { font-size: .7em; }
#costOfWarAf { text-align: center; width: 270px; font-weight: bold; } #costOfWarAf_Total { font-size: 1.3em; font-weight: bold; color: #990000; } #costOfWarAf_Link { font-size: .7em; }
#costOfWarTotal { text-align: center; width: 270px; font-weight: bold; } #costOfWarTotal_Total { font-size: 1.3em; font-weight: bold; color: #990000; } #costOfWarTotal_Link { font-size: .7em; }
Bring the Troops Home Now!

Those costs do not include the future medical costs of injured soldiers, the countless wrecked lives of US soldiers and the lives of millions of innocent civilians killed in the needless war in Iraq.

Bear in mind, I do not support the social agenda of the National Priorities Project. However, I would rather see any spending in the US than the needless destruction of lives and property around the globe.

The US cannot afford to be the world’s policemen, and even if we could, I still would not support such needless destruction.

It’s time to declare the war won and bring back all the troops.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List

Bookmark and Share
Posted by Michael Shedlock at 12:46 PM…. Print…. Email

To sign up for a free copy of our Monthly Client Newsletter, please register your email address at the bottom of the Sitka Pacific Commentary Page.

Buy Gold and Silver Online at GoldMoney
The Best Way to Buy Gold and Silver

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

Comment Guidelines: Comments should be succinct, constructive and relevant to the story. We encourage engaging, diverse and meaningful commentary. Comments that include personal attacks, racial, religious, or ethnic slurs are not permitted. We continuously review and remove any inappropriate comments.

Comments(0)

Older PostHomeSubscribe to:.About Mike Shedlock Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Continue reading…    
 Mish Audio VideoMish with Marc Faber 2010-03-12
“Inflation or Deflation?” Debate: Mish vs. Dr. Doom

On the Edge with Max Keiser 2010-02-12
Spotlight on China, Japan, Jobs, Pensions, Part 1

Spotlight on China, Japan, Jobs, Pensions, Part 2

Tech Ticker 2009-12-09
“Bank Lending, Jobs, The Great Retrace

King World News October 30 2009
Mish and Eric King discuss Gold, the Stock Market, the US Dollar, Sideline Cash, China, and US real estate

May 2009: My Speech at Google – on Blogging and the Economy
Thoughts on Blogging and the Economy – Speech at Google

Podcasts Every ThursdayHoweStreet

May 18, 2009Jay Taylor and Mish discuss deflation and other issues on Voice America

April 27, 2009
The Lew Rockwell Show – “It’s Fallen and It Can’t Get Up”

April 26, 2009
TDI Podcast 106: ZeroHedge and Mish-O-Nomics

January 25, 2009TDI Podcast 92: An Unavoidable Depression? (Dent and Shedlock)

January 7, 2009Commodity Watch Radio – 2009 : Mish and Mike Hampton Give Their Views

November 12, 2008
The Lew Rockwell Show

October 23, 2008
TDI Episode 80: Predicting another 40% DOWN

October 17, 2008
Commodity Watch Radio – A look at the markets Michael Hampton, Mish

August 24,2008
Commodity Watch Radio – Inflation or Deflation? Part 1 James Turk, Michael Hampton, Mish

 John Dennis Beat Pelosi Mish Endorsement of John Dennis  Lawson for Congress Mish Endorsement of B.J. Lawson  Doug Cloud For Congress Mish Endorsement of Doug Cloud  
 
 
Calculated RiskLoading…naked capitalismLoading…Steve Keen’s DebtwatchLoading…oftwomindsLoading…Acting Man Austrian Economics DiscussionLoading…Copyright 2009 Mike Shedlock. All Rights Reserved.View My StatsHomeAboutContactSitka Pacific.js-kit-comments { background-color: #ffffff; } white-space: nowrap; color: #ff0000; margin: 0px 0px 0px 0px; padding: 0px 0px 0px 0px; }.js-singleComment { font-size: 9pt; color: #000000; line-height: 1.0em; margin: 0px 0px 0px 0px; padding: 0px 0px 0px 0px; font-family: Verdana, Helvetica; border: solid 1px #c0c0c0; text-align: left; }

View the Original article

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s