America Always Has to Pay
"Even though our defense spending as a portion of our GDP has been dropping steadily since the Vietnam War, American allies have become accustomed to seeing the U.S. pick up most of the tab for military expenses that benefit all. That attitude comes from the fact that over a century ago, the U.S. became the largest economy on the planet. In 1945, the U.S. accounted for half the world's GDP. That has since come down to 25 percent, but American allies still feel that the rich guy should pick up most of the tab."
July 21, 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment