The following table showing the Office of Management and Budget's estimates for the coming decade of US defense expenditure as a percentage of GNP shows America is preparing to spend proportionately less for military activity than at any time in the recent past.
Decade Percent of GNP
1960s 10.7
1970s 5.9
1980s 5.8
1990s 4.1
2000-2009 (projected) 3.4
Thursday, November 03, 2005
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