Does America still spend on military security alone more than the net income of all US corporations?

Question

Eisenhower said that, I was wondering if that was still true today?

http://video.google.com/videoplay?docid=-3179462717908405974

Answer 1

The mititary budget in 2007 was $439B plus an additiona/ $170B funding for the wars in Iraq. That totals about $600B.

Revenues of the top 2 Fortune 500 companies (Exxon and Walmart) totaled $700B last year. Just those two add up more than the military budget.

By income you mean profit then that is another story. I didn't do the math but bet even on a profit basis corporation bring in more than the military spends.

Answer 2

A lot more now, US now spends as much as ten next countries combined. Over 45% of GDP.

http://www.globalissues.org/article/75/w...

http://en.wikipedia.org/wiki/List_of_cou...

Answer 3

It's worse today than it was in Eisenhower's time.  I don't know if our spending is more than the income of US corporations because I don't know these days what you'd call a US corporation.  Most larger corporations have moved offshore to save taxes.

But we spend more on military and weapons than the whole rest of the world combined.  If you just count the nations that could possibly wish to do us wrong, we spent about 20 times as much as all of them put together.

And we don't spend this money in a cost-effective way.  Just as Eisenhower pointed out, we spend this money in corrupt ways, to reward campaign contributors, or so that senators and congressmen can get credit for bringing govt. money back home to their states and districts.  The B2 bomber, for example, was designed to 'mop up' after a nuclear war with the Soviet Union, which now seems about as likely a being invaded by Mars.  But even though the purpose for which it was designed no longer exists, we bought dozens of them, at 1.5 billion dollars apiece, because parts of them are made in 49 states.  Much of the money we're spending in Iraq is going into the pockets of crooked contractors, like Halliburton and KBR and Blackwater, in return for political contributions.

But even though we spend all this money, and it doesn't really make us any safer, no politician wants to be accused of being 'soft on defense', so the politicians of both parties try to outdo each other with proposals for spending increases!

Answer 4

what they spend on military is lot,is  better than what they spend on welfare .just remember they get paid not to work good government job  

Answer 5

No, and it never did. The one exception may be during WWII. The % of GDP that is designated for military needs is less than what it was in the 1980's and is at historical lows.

Answer 6

Im assuming it still does....we are pretty close to spending three quarters of a trillion dollars on our military every year! thats a little less then the rest of the planet combined!

I dont think our busnisess make anywhere near that in terms of profit