Navigating the Numbers

[snip] defense spending -- even with war costs factored in -- is well below the historical average -- Today we’re spending less than 4 percent of gross domestic product (GDP) on defense. That’s only 1 percentage point higher than we were spending at the time of the Sept. 11 attacks. And it’s still below the 6.2 percent of GDP we were shelling out for defense during the waning years of the Cold War in the 1980s -- and significantly less than the 9.5 percent we spent in the late 1960s, at the height of the Vietnam War...

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