Vladimir Putin’s assault on Ukraine caused Germany to revolutionize its defense policy in less than a week. Will the Biden administratio...
Vladimir Putin’s assault on Ukraine caused Germany to revolutionize its defense policy in less than a week. Will the Biden administration have a similar wake-up call on defending Americans with dictators on the march?
Progressives complain that the Pentagon’s budget is bigger than that of any other country, but the truth is that defense spending is at historic lows. It is heading towards less than 3% of the economy. Defense spending reached a post-war peak of 9.1% in 1968, but never fell below 4.5% even in the 1970s, peaking at 6% in 1986 at its peak. of the Reagan buildup that helped win the Cold War. (See chart nearby.)
COMMENTS