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by refenestrator
1902 days ago
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It's gone way, way up in dollar terms over that time frame, in a low-inflation economy. Abrams tanks aren't billed by '% of GDP'. I'm not questioning anyone's morale or dedication, but I AM questioning competence at the top levels when it comes to spending all that money wisely. You can blame 'political footballs' for some of that but there are plenty of failures where the military and their contractors have straight squandered fortunes. And it's not because of "too much democracy", it was after the money was allocated to a purely military-contractor relationship where nobody's voting on anything. |
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Something costing a constant or decreasing percentage of GDP, but going up in dollar terms, is indicative of inflation.
Within a decade, the budget varied so greatly that there was a 22% difference between the high and the low in real terms. When you have drastic budget cuts, you have to cut projects. Those projects can't just be picked up again where you left off when you get more money - contractors will have moved on, and in most cases the new contracts need to be re-competed.These are structural disadvantages we as Americans place on our own military, and from which the PLA does not suffer.
Data from:
- https://www.macrotrends.net/countries/USA/united-states/mili...
- https://www.statista.com/statistics/191077/inflation-rate-in...
- https://www.usinflationcalculator.com/