An interesting multi-page article by Chalmers Johnson cites a report by the Independent Institute of how much is actually spent on defense and how it affects Americans and the US economy.
The highlight is that even though the 2006 Department of Defense budget was a staggering 499.4 billion dollars, the actual amount spent on defense was 934.9 billion dollars... this is essentially A TRILLION DOLLAR budget, which rises every year.
Since the books are closed for 2007 now, we'll see how they compare.
Another interesting comparison is the euro value compared to dollar value year-to-year.
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See how taxes are spent:
http://www.nationalpriorities.org/
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