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Obama Increased Real Defense Spending by More Than 10 Percent

Posted By admin On November 16, 2012 @ 10:13 am In Featured Stories | Comments Disabled

Terence P. Jeffrey
CNS News [1]
Nov 16, 2012

President Barack Obama increased inflation-adjusted Department of Defense spending by 10 percent–even while ending the war in Iraq.

That is more than the automatic cut in defense spending that will take place in January if Obama and Congress do not agree to a new spending-and-debt-limit deal.

In fiscal 2008, the year before Obama took office, real Defense Department spending was $526.9 billion in constant 2005 dollars [2], according to official figures published by the Office of Management and Budget. Four years later, in fiscal 2012, which ended on Sept. 30, real Defense Department spending was $582.5 billion in constant 2005 dollars.

The $55.6 billion jump in real Defense Department spending from 2008 to 2012 was a 10.5 percent increase.

Full article here [1]


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URLs in this post:

[1] CNS News: http://cnsnews.com/news/article/obama-increased-real-defense-spending-more-10-percent

[2] $526.9 billion in constant 2005 dollars: http://cnsnews.com/sites/default/files/documents/%24526.9%20billion%20in%20constant%202005%20dollars.xls

[3] Obama Requested $40 Billion in Additional “Defense” Spending for 2010: http://www.prisonplanet.com/obama-requested-40-billion-in-additional-%e2%80%9cdefense%e2%80%9d-spending-for-2010.html

[4] Real Federal Spending Up $822.90 Per American Since 2008: http://www.prisonplanet.com/real-federal-spending-up-822-90-per-american-since-2008.html

[5] Weinstein is wrong about defense spending and Ron Paul: http://www.prisonplanet.com/weinstein-is-wrong-about-defense-spending-and-ron-paul.html

[6] Senate passes $612 bln defense spending bill: http://www.prisonplanet.com/senate-passes-612-bln-defense-spending-bill.html

[7] Government spending rises 9%: http://www.prisonplanet.com/government-spending-rises-9.html

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