Stone Garden Economics

For fiscal year 2004, the U.S. Department of Defense outlays were US$436.4 billion, slightly less than a fifth of the total federal government outlays of US$2,292.2 billion. Many Americans believe that 19 cents on defense for every 81 cents on nondefense is a reasonable way to spend a tax dollar. But by another calculation, an estimate much nearer the truth, the tax dollar splits 68 cents for defense and 32 cents on everything else. . . . → Read More: U.S. Military Spending: US$800 Billion a Year