Chart of the day: Trump want billions for defense


More precisely $54 billion, a ten percent boost in current defense spending a a boon to that military/industrial complex Dwight Eisenhower warned us about in his presidential farewell address.

Which brings us to out chart from BBC News:

blog-military

More from the accompanying story:

If he wants to boost the defence budget by $54bn without adding to the deficit, that money will have to come from somewhere – and mandatory spending on welfare and debt interest takes nearly 70% of the budget off the table.

Early reports are that the Environmental Protection Agency is facing sharp cuts, but its total annual budget is just over $8bn – a drop in the bucket.

The State Department has also been singled out as a source for the needed funds, and its $50bn annually (including $22bn in direct aid) makes it a fatter target.

The lion’s share of humanitarian assistance goes to rebuilding efforts in Afghanistan and Aids treatment in Sub-Saharan Africa, however, which will be difficult to touch. Also unlikely to get the axe is military support, dominated by $3.1 bn annually to Israel.

There’s a reason the Trump administration announced the military budget number before revealing where the money will come from. Spending is easy; cutting is hard.

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