defense spending

Report: Post-9/11 War Debt Will Cost US $8 Trillion In Interest Alone

The cost of America’s global war on terror has yet to be reckoned with, and there’s a very good reason for that. By and large, the US has not been paying for all of these wars, but rather has been borrowing to pay for the conflict.
In the long run that’s going to be expensive. Paying off the war is going to mean not only paying the prices of the conflict but the massive interest accrued in borrowing the cost of those wars.

Trump’s Proposed Budget Includes Whopping $54 Billion Increase In Defense Spending

President Donald Trump smiles while speaking to a meeting of the National Governors Association, Monday, Feb. 27, 2017, at the White House in Washington. (AP/Evan Vucci)
WASHINGTON (REPORT) — The White House says President Donald Trump’s upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid. The result is that Trump’s initial budget wouldn’t dent budget deficits projected to run about $500 billion.