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June 23, 2010
Graph of the Day for June 23, 2010
"Spend money on people's needs not war." Green Left Weekly.
"Don't spend money on war -- use it for peace!" International Peace Bureau.
"Money for Healthcare, Jobs, Education, Public Services - NOT WAR." MOREpublictransit.
"Not surprisingly, the magnitude of the nation's fiscal crisis has inevitably evoked warnings that our insolvency threatens our national security. One part of dealing with this situation will entail reducing the projected level of defense spending by several hundreds of billions of dollars over the next decade." Lawrence Korb and Christopher Preble, The National Interest.
"The US Should Cut Military Spending in Half." Benjamin H. Friedman, Cato Institute and Christian Science Monitor.
"If we do not get military spending under control, we will not be able to respond to important domestic needs." Rep. Barney Frank (D-MA).
Data source: US Government Printing Office (Historical Table 15.5)
Hoven's Index for June 23, 2011
Government payments to individuals (% total outlays):
1944 (FDR's last year): 1.9%
1952 (Truman's last): 16.0%
1960 (Ike): 26.2%
1968 (LBJ): 28.0%
1976 (Nixon/Ford): 48.6%
1980 (Carter): 47.1%
1992 (Reagan/Bush): 52.8%
2000 (Clinton): 58.9%
2008 (Bush 43): 61.2%
Source: US Government Printing Office (Historical Table 11.1)
Graph of the Day Archive.