In a typically thoughtful piece by Jim Manzi discussing the current Libyan misadventure, I found this observation:
"Yes, we ”spend more on our military than all other major powers combined.” But, depending on how you measure it, the U.S. has about 20 – 25% of world GDP. In the long-run, we cannot win an arms race with the whole rest of the planet."
We are also not the world's policeman. Please consult the following graphics. The first makes clear that it is not merely the corporatist revenue schemes of the last ten years, but the previously unheard of increases in military industrial spending that poise our nation for admittance to the dustbin of history.
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