Posts Tagged ‘War’

New Bomber Soars $27 Billion Too High


Tuesday September 1st, 2015   •   Posted by K. Lloyd Billingsley at 9:46am PDT   •   0 Comments

As we noted in 2013, politicians seemed intent on buying 280 more M-1 Abrams tanks the U.S. military didn’t want or need. The M-1 Abrams is a formidable machine but not really suited for counterinsurgency operations, and the tanks run $8 million each. Last year we alerted taxpayers to the new fleet of presidential…
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The Costs of War


Friday January 6th, 2012   •   Posted by Emily Skarbek at 7:59am PDT   •   3 Comments

At the Pentagon yesterday, President Obama released a press statement concerning his new military strategy. The document was clear with regard to Iran, stating “U.S. policy will emphasize Gulf security, in collaboration with the Gulf Co-operation Council countries when appropriate, to prevent Iran’s development of a nuclear weapon capability and counter its destabilizing policies.”…
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How Would You Cut Defense Spending?


Thursday January 5th, 2012   •   Posted by Emily Skarbek at 7:16am PDT   •   4 Comments

The New York Times has a useful infographic outlining proposals for how to trim the defense budget. The Pentagon has committed to cutting $450 billion in spending over the next 10 years—only a small slice of the tremendous increase in war and defense spending we have seen in the previous 10 years. The graph…
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The Costs of 9/11


Tuesday September 13th, 2011   •   Posted by Emily Skarbek at 7:03am PDT   •   1 Comment

The New York Times has a wonderful info-graphic depicting the costs of 9/11 by Shan Carter and Amanda Cox. As the author’s point out, the United States has spent an estimated $7 million for every dollar Al Qaeda spent planning and executing the attacks – approximately one-fifth of the current national debt. Notably, these…
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Defense Spending Is Much Greater than You Think


Tuesday August 24th, 2010   •   Posted by Robert Higgs at 4:16pm PDT   •   1 Comment

When President Obama presented his budget recently for fiscal year 2011, he proposed that the Pentagon’s outlays be increased by about 4.5 percent beyond its estimated outlays in fiscal 2010, to a total of almost $719 billion. Although many Americans regard this enormous sum as excessive, few appreciate that the total amount of all…
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