Saturday, May 31, 2008

It's costly to be the world's sheriff

Japan spends about 1 percent of GDP on defense. No NATO country spends more than 3 percent of GDP, and the average expenditure among NATO member countries -- excluding the United States -- is a paltry 1.74 percent. What is remarkable, then, is that the United States' considerable wealth, and our relatively advantageous geo-strategic position, should enable us to spend far less, rather than even more, on the military.

Key quote: The overarching question for Americans should not be whether we should spend more on defense, but rather why we spend so much. 

Who appointed us - U.S. - to police the world? If someone asks for our help, they should offer to pay for it. We could then decide if we are willing to help and continue the aid only as long as we are reimbursed for our assistance. If we set and enforced such requirements, we would spend much less time and money on military adventures.

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