...While Defense Spending Rose to 5% of GDP in F2010 &
Is Up from All-Time Historical Low of 3% in F1999 But It Is Still Well Below Post-World War II (1948-2000) Average of 7%
USA Inc. Defense Spending as % of GDP, F1948 - F2010
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KP Source: White House OMB. i USA Inc. | Income Statement Drilldown 65
$950 Billion = Cumulative Cost of Iraq, Afghanistan &
Global War on Terror Operations Since 9/11/01 Attacks
Cumulative Cost of Iraq, Afghanistan & Global War on Terror Operations of $950 Billion, as Percent of F2001-F2009 Spending:
4% of Total F2001-F2009 Federal Spending 22% of Total F2001-F2009 Defense Spending 28% of Total F2001-F2009 Federal Budget Deficit Cumulative Cost of: $685 Billion = War in Iraq $231 Billion = War in Afghanistan
$34 Billion = Other Related Operations
Source: White House OMB, Congressional Research Service, “The Cost of Iraq, Afghanistan, and Other Global War on Terror
K Pp Operations Since 9/11,” 9/2/2010. (@E) www.kpcb.com USA Inc. | Income Statement Drilldown 66
HOUSE_OVERSIGHT_020874