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This policy advice report highlights the disparity between national defense spending and revenues from 1965 to 2012 and projects the budget imbalance until 2025. With insights from various sources, it emphasizes the need to address the growing discrepancy to ensure effective national defense.
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Policy Advice to the President:Defense Graham T. Allison Director, Belfer Center for Science and International Affairs Harvard Kennedy School
Govt. Spending and Revenue, 1965–2012 Source: OMB
Entitlements Exceed Revenues by 2025 Bipartisan Policy Center
US outspends next 14 countries combined (8 of which are allies) Source: IISS Military Balance 2012
National Defense Spending, 1940–2017 Source: FY2013 Federal Budget, CBO, mittromney.com
National Defense Spending, 2000–22 Source: Center for American Progress