HOUSE_OVERSIGHT_020874.jpg
Extracted Text (OCR)
...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.
BSF owe poo com 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 lraq, Afghanistan, and Other Global War on Terror
K Pp Operations Since 9/11,” 9/2/2010.
(@ EB) www.kpcb.com USA Inc. | Income Statement Drilldown 66
HOUSE_OVERSIGHT_020874