MarkHarvey on Nostr: Many people believe that the US is spending TOO MUCH on defense, which leads to ...
Many people believe that the US is spending TOO MUCH on defense, which leads to overspending, huge deficits, and debts.
The data says otherwise.
The US gets it's income from taxes, and uses that money to fund it's spending programs. Tax income growth has outpaced spending for defense from 1971 until now (shown in the chart below).
In my opinion the bigger issue is that the US is not spending *enough* for defense.
Published at
2023-04-26 21:26:30Event JSON
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"content": "Many people believe that the US is spending TOO MUCH on defense, which leads to overspending, huge deficits, and debts.\n\nThe data says otherwise.\n\nThe US gets it's income from taxes, and uses that money to fund it's spending programs. Tax income growth has outpaced spending for defense from 1971 until now (shown in the chart below). \n\nIn my opinion the bigger issue is that the US is not spending *enough* for defense.\n https://nostr.build/i/nostr.build_0a43e297120cb27f5896935cbe6870ded9b1cc42e2d57cf367716fcf48a8ae90.jpg",
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