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Author: commonone ✸🐝 HONORARY
SHREWD   😊 😞
Number: of 48495 
Subject: Defense Spending, Reagan vs Biden
Date: 07/08/2023 5:29 PM
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For that certain someone who keeps harping on Biden's record-breaking defense spending, here's a chart of defense spending as a percentage of GDP, the most statistically accurate measure of comparison between presidents.

Reagan's defense spending peaked at 5.7% of GDP during the Cold War.

Biden's projected 2024 defense spending is 2.7% of GDP.

So Biden's defense spending is less than half of what Reagan was spending as measured by percentage of GDP and near an all-time low.


During the Vietnam War, defense spending peaked at 8.6% of GDP.

During the Korean War, defense spending peaked at 11.3% of GDP.


So can we put a sock in this nonsense, please?


https://www.defense.gov/Multimedia/Photos/igphoto/...
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