| If you're truly curious I would say the best way to start is to get a basic understanding of economics and how our current system actually operates. It's also important to look up the data as it actually exists rather than consuming conclusions from commentators without investigating further. For instance your initial post seems to imply that we aren't balancing our defense vs social spending and are spending way too much on the former. However, that doesn't align with our current outlays. If you check out the latest US Treasury report the outlays for the current fiscal year shows $1314bn for Social Security, $841bn for interest payments on the debt, $823bn for medicare, $805bn for health, and $758bn for defense. The primary driver of debt in the future will be the entitlement programs and interest. Of course the unfortunate reality is that most people do not have the time to learn about everything and do their own research so we will always rely on others to some extent for our information. The danger is when your world view fills in the gaps of knowledge you lack combined with the facts you believe you know taken from someone else who may be mistaken, misleading, or outright lying. |
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| ▲ | mark_l_watson 6 days ago | parent [-] | | Just my opinion (but I did work in the defense industry from 1974 to 1998), but I just don’t believe the published ~ 800 billion defense spending numbers. A few presidents ago, the chairman of the joint chiefs publicly said that 7 trillion in military spending is unaccounted for. Also, I admit to getting much of my information from professor Dr. Jeffrey Sachs, an economist. I took an online economics class from Wharton business school, specifically on the economics of globalization. Fascinating stuff. Anecdotal, but as a hobby for the last 20 years, I enjoy comparing the coverage of major news and economics stories in USA vs. other countries. | | |
| ▲ | vel0city 6 days ago | parent | next [-] | | > 7 trillion in military spending is unaccounted for If someone gave me $100, and I handled it without keeping track, that's $100 not accounted for. But we do know that I was given $100, and the money went somewhere we just don't know where. But it doesn't necessarily mean that this was shadow money outside of the larger picture budgets, people still know I was given $100. Its not like now there's somehow $200 spent because I was given $100 and I failed to account for $100. So thinking about the $800B defense budget, if they fail to properly track $150B of that budget, that's another $150B added to that pile of unaccounted for money. But its not an extra $150B that got spent, its still a part of that $800B. | |
| ▲ | jack_h 6 days ago | parent | prev | next [-] | | > A few presidents ago, the chairman of the joint chiefs publicly said that 7 trillion in military spending is unaccounted for. You're likely referring to the fact that the pentagon can't pass an audit even though there have been requirements going back to the 90s. That's more about tracking where the money they spent is going as opposed to the total quantity of money they are spending though, i.e. the $800bn is "accurate" but some portion of it may have vanished due to bad accounting, corruption, waste, fraud, etc... Having said that any accounting for an entity the size of the US government is non-trivial. The numbers I stated above are not the final numbers. Firstly because it's YTD but also because of the complexity in the accounting. We have decades of trend lines and a lot of public data on tax receipts, bond auctions, and the like to know that defense spending isn't drastically different than what is being reported though. If you have any analysis that concludes otherwise I would enjoy reading it. | |
| ▲ | 6 days ago | parent | prev [-] | | [deleted] |
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