Not as high as the $190 billion proposal Bush’s administration would have preferred, the $150 billion war budget just passed in the Senate (92 – 3) will go a long way towards keeping the war running strong for the coming year. Congress still needs to pass an appropriations bill before the money will actually be levied into military coffers – and Democrats are of course promising to yip and snap at the President’s heals for the entire process – but my bet is that the $150 billion will go through and the war continues in force. There’s just too much riding on the issue at this point.
Interestingly, I just checked and military spending in the United States in 2000 was $281 billion, more than the next eleven members of the list. What is the proposed American military spending bill currently being mulled over in Congress? $646 billion.
I know where my investments are going this year.
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