Again...I LIKE IKE! DEFINITION of 'Gross Domes

Again...I LIKE IKE!

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DEFINITION of 'Gross Domestic Product - GDP'

Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well. GDP includes all private and public consumption, government outlays, investments and exports minus imports that occur within a defined territory. Put simply, GDP is a broad measurement of a nation’s overall economic activity.

Read more: Gross Domestic Product (GDP) Definition | Investopedia www.investopedia.com/terms/g/gdp.asp#ixzz3zAPBonTx

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IKE....well.....he went with low end nukes....can't do that today,....eh?

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What Would Eisenhower Do?

In spite of claims that the US is currently engaging in “historic” cuts, today’s anemic military reductions have a long way to go to match the military reductions put in place by Dwight Eisenhower during his administration.

As David Stockman has noted, Eisenhower, perhaps because of his status as a revered military figure, was able to get away with large cuts to military spending:

Eisenhower ... did not hesitate to wield the budgetary knife. When he did so, the blade came down squarely on the Pentagon ...

With Eisenhower’s blessing, the budget request inherited from Truman was slashed by nearly 30 percent, with more cuts targeted for future years

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Bottom line is bottom line....defense spending has been on a declining basis since IKE...RELATIVE ..to GDP. Again...refer to the chart...it fluctuates as all charts due. It's not static.



What I am saying is that ....defense spending is not the evil child of our debt. It does not need to be decreased as much as some would put forth.