U.S. military spending in the last decade is unprecedented. According to CRS, in terms of total dollars, the U.S. spends more on the military now than at any time since the Korean War, when it had about double the troops under arms. There have been two major buildups since then, one for Vietnam and the other during the Reagan presidency, both followed by significant drawdowns. In Iraq and Afghanistan however, military spending expanded far more, and contracted far less than in previous conflicts. Since peaking in 2010, it has stayed elevated despite the relatively small scale of operations, and the conclusion of major hostilities.
(Amy Belasco, Defense Spending and the Budget Control Act Limits, Congressional Research Service |
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