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Political Factoid
U.S. military budget
- the American "Sacred Cow"
- Larger than the military budgets
of the next 10 military powers
combined
- 47% of which is spent overseas
defending wealthy allies
- U.S. Navy is bigger than any
other in the entire world
- Provides negative incentive for
allies to do more for themselves
- Is largely unfunded - paid for by
national debt (e.g., borrowing from China)
- Not counted in federal deficit
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