Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
There have been other periods in time when the military budget was such a large fraction of the GDP, but these were in times of emergency like WWII.

With all do respect Robert, that is completely wrong. US military spending as a percentage of GDP was higher than current spending, including the Iraq and Afghan wars, for virtually the entire Cold War.  During WWII it was much higher - almost 40% of GDP.

see the data here for the period through FY 2003.

by MarekNYC on Tue May 30th, 2006 at 01:33:51 PM EST
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