The Impact of Defense Spending on US Public Debt

The Impact of Defense Spending on US Public Debt

This response discusses how defense spending has played a significant role in the growth of US public debt over the past few decades. It highlights the fluctuations in defense spending as a percentage of GDP, from a high of 6% in 1985 to a low of 3% in 2000, and then a subsequent increase to 4.6% in 2009 due to the wars in Iraq and Afghanistan. The response notes that while current defense spending is lower than historical rates, it remains one of the main pressures on the budget deficit and the growth rate of public debt.

https://youtube.com/shorts/DRVn1ySuiLc?si=QyK2Q7NdoNWuDdIL

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