So imagine my shock and when I read that Defense Secretary Robert Gates says the Pentagon will seek $78 billion in cuts to the defense budget over the next five years . Naturally the media is calling it a surprise move and quoting Gates that it will reduce the size of the Army and Marine Corps.
Hmm, let's do the math here...that's roughly 1.56 million a year or....wow! that is a surprise! NOT...
In comparison to my yearly budget it would be like me reducing my yearly spending by a dollar...not too painful or significant. But wait it gets worse...there won't be any CUTS as they are actually talking virtual future dollars or as reported by the pentagon:
Sigh...The real surprise is that the American people haven't risen up in revolt at Gates announcement of un-cuts. Will the defence budget be less?...NO; Will there be real cuts?...NO; Is Gates playing a shell game with Americans?
"Because the Pentagon originally projected budget increases for these years, the cuts won't mean that the Pentagon's budget will shrink in total dollar terms -- only that the rate of growth will slow. The fiscal year beginning this year will see a base Pentagon budget of $553 billion, up from $549 billion last year."
BTW, The USA is responsible for 46.5 per cent of the world total defence spending, distantly followed by the China (6.6% of world share), France (4.2%), UK (3.8%), and Russia (3.5%).
Including non-DOD expenditures, defense spending was approximately 28–38% of budgeted expenditures and 42–57% of estimated tax revenues. Isn't it time we stop the out of control defence budget before their spending destroys us all.