Defense Spending Essay

975 words - 4 pages

Defense Spending

When the terrorist attacks occurred on 9/11 it did more than just affect the comfort level of American citizens. It had an all around impact on how this country will be run for years to come. The one economic impact that I will concentrate on is that the attacks, arguably, but directly effected the U.S. GDP (Gross Domestic Product) and how the national budget will be handled from that day forward.
Since the attacks a number of civil defense programs have been initiated, which leads to more departments asking for an allowance within the national budget. This ultimately is leading to a larger and larger deficit that is quickly encompassing full percentage points of our GDP. There is a debate on how much defense spending is actually needed, because during the Clinton administration there were massive cuts to the defense budget, which lead to critics saying that our military force was in question. These same critics said that without the funds that had been cut-off by Clinton the military would spiral down to not being able to defend the homeland, let alone take on any offensive. The one argument I have is that President Bush was not in office long enough for his increased defense budget to take affect when he overthrew two regimes (Afghanistan & Iraq) with the same military force that was said to be completely ineffective because of lack of funds.
Regardless of what the "poor" military was able to accomplish President Bush has promised to make more funds available for national defense and to pay for the occupation

of those under U.S. control. Under this promise on November 24. 2003 the president signed an authorization bill to set aside 401.3 billion dollars for the Department of Defense. This peacetime spending adds up to be 10 percent more than was spend during the Vietnam and Korean wars. The 401.3 billion is a lot to spend from a budget that already has a deficit over 500 billion, but as crazy as it sounds that's not all the money that will be put toward the military and national defense. As if the 401.3 billion wasn't astronomical enough there is more money hidden within the budget that will go towards the same purposes, which is pulling those funds from civilians. The total of funds that were found hidden within the budget totaled to an actual figure of about 596.1 billion dollars (Higgs Pg. 3) with a breakdown of it as follows (in billions of dollars):
Department of Defense- 344.4
Department of Energy- 18.5
Department of State- 17.6
Dept. of Veterans Affairs- 50.9
Dept. of Homeland Security- 17.5
Dept. of Justice- 2.1
Dept. of Transportation- 1.4
Dept. of Treasury- 0.1
National Aeronautics and Space- 0.2
Other National Agencies- 4.7
Past debt financed of security- 138.7
Total= 596.1 Billion Dollars
With the numbers totaled the defense budget is currently...

Find Another Essay On Defense Spending

Mandatory Spending Essay

653 words - 3 pages Discretionary spending requires approval each year in appropriations bills which become part of the federal budget. Furthermore, half of all discretionary spending is allocated towards the Defense Department. In turn, the remaining half is allocated towards veterans, NASA, scientific research, medical, job training, and environmental projects to name a few. In contrast, mandatory spending is allocated towards entitlement programs which are

Article Review - GDP

1012 words - 4 pages government spending include Social Security, national defense, interest payments, and income security programs. If government spending exceeds tax income, there is a deficit. If tax income exceeds government spending, there is a surplus.In his article, Andrew Taylor discusses government spending and its relation to the federal deficit. Taylor states, "The improvements were due to a surge of 15 percent in federal revenues over 2004 levels. Meanwhile

Description of Political Party Preference in our Society

1178 words - 5 pages liberal democrat and not a conservative republican. I looked at each parties beliefs on the issues of welfare, abortion, gun control, education and defense spending. . Welfare: As a Democrat, I am support our current welfare system. I believe in helping the needy and increasing minimum wage. The Republicans policies do not benefit the poor. They think by giving the poor we are making an entitlement state. The republicans believe that increasing

Can we make ends meet?

1887 words - 8 pages federal government spendswill go for entitlement programs and interest on the debt. Only 28cents will be available for discretionary spending.Defense and Discretionary Spending:In 1962, defense spending accounted for almost one out of everytwo dollars the federal government spent. Since then, defense hasbeen cut 65 percent (as a percent of GDP) and now comprises just18 percent of all federal spending. Domestic discretionaryspending has been

Performance Contracting

1196 words - 5 pages Commission or ““The President’s Blue Ribbon Commission on Defense Management,” to recommend reforms.” ("Origins of DII," 2014, para. 6) and they set out to plug some of the procurement issues the government seemed to have let go or wasn’t handling effectively. Also, to make the industry aware that the state of which spending was taking place and the enormous markup of products and services being sold to the DoD were not acceptable and the public

Arms for Peace or Destruction?

1398 words - 6 pages fact we should amplify emphasis on education and put it on US agenda to direct children to become productive members of the society by having an interest in education. Excessive investment in our defense on the other hand is damaging American instead of protecting it. According to department of defense we are spending about 700 billion dollars on defense. This is approximately 22 percent of our GDP, the same as Medicare and Medicaid. We have about

Economics Indicator

433 words - 2 pages items that will help to increase GDP growth. Continued defense expenditures will continue to increase the overall government spending for the year. The housing industry should pick up and this residential investment should make small contributions to GDP growth. The rate of GDP growth is essential to the real estate market, not only because it measures the strength of the economy, but also because the variation from what is believed to be the long-term realistic growth rate affects Federal Reserve policy, which directly affects mortgage rates.

Analysis of the likely impacts of the 2003-04 Australian Federal Budget on Australia's economic growth, unemployment and inflation

1240 words - 5 pages (Commonwealth Budget overview, 2003). The federal treasury states that the objective of the budget balance is to ensure that the government is not "living beyond its means", and not to pass the burden of expenditure on to the tax payer, but instead approach expenditure in a disciplined and prioritized fashion (Budget: Paper One, 2003).The budget's key areas of increased spending are the following:*Security and Defense: $1.1bn over five years*Education

Economic Survey

896 words - 4 pages the Alternative Minimum Tax and the serious demographic effects on entitlement spending that would then be just around the corner. (OECD, 2004)II. EVALUATION OF RESPONSE:The United States Fiscal Policy, a government policy in related to taxation and public spending, is currently providing Tax Relief, revitalizing National Defense, establishing Homeland Security and providing incentives and unemployment payments under the Job Creation and

Sectionalism

555 words - 2 pages Sectionalism SimulationDuring the Sectionalism Simulation, I represented the Southern Democrat region. One of our goals was to contain the threat of communism throughout Asia. Another goal of ours was to support military defense spending and we will be willing support a legislation that builds B-52 bomber force, ballistic missiles, or nuclear weapons. Our region wants desegregation that is regulated by the state and not the Federal government

Fiscal Policy

520 words - 2 pages of 3.95% on unemployment which reduced the inflation to 6.09%. In addition, increasing 1% on income tax brings a reduction of 2.57% of GDP.On the third simulation to help reduce inflation the decision was to increase spending on social welfare and defense spending by $200 million on each category, to balance inflation there was a need to increase income tax by 5.50%. This caused an enormous decreased on the budget deficit, a total of .038% GPD.To

Similar Essays

Re Evaluating Defense Spending And Size Essay

3298 words - 13 pages Re-evaluating Defense Spending and Size Introduction Today's US military faces much criticism regarding readiness and size. Arguments have been put forth suggesting that not enough money is being spent on defense, and that our rate of deployment of forces is too slow. Throwing money at a problem will not appease the problems that face the US military. However, a careful re-evaluation will suggest that a smaller military is indeed the answer. A

Cyber Warfare: Defending Against A New Form Of Terrorism

972 words - 4 pages by the majority of American’s as an imminent and credible one that demands greater resources and spending. A survey revealed that 92 percent of Americans agree cyber-attacks pose a threat to public utilities, infrastructure and transportation and 60 percent are in favor of increased government spending in defense of such attacks (Americans Willing to Spend More to Thwart Cyber Attacks: Survey, 2013, p. 1). “While Americans who responded to the

National Defense: A Political Perspective Essay

851 words - 3 pages American self interest...”(Keller 1).      Perhaps the most debated issue between Conservatives and Liberals in the area of national defense is that of the our defense budget. “Military spending overall, which fell after the Cold War, is now budgeted to start climbing over the next five years”(Pemberton 2). Military spending was severely cut after the lack of necessity for it, but now the issue of military readiness comes into

The 2011 Budget Control Act Essay

2958 words - 12 pages While still at war in Afghanistan, the Obama administration proposed plans to cut billions in defense spending during the next decade. According to the 2011 Budget Control Act passed by Congress, the Department of Defense (DOD) must reduce spending by 487 billion during the next ten years and 259 billion during the next five years. If sequestration continues, then defense spending will be reduced on average “more than $50 billion each year
J60 Gaming Keyboard Mouse Combo Anti-ghosting Adjustable DPI Colorful Backlit | Quanzhi Fashi | Idolish7