Everything About The Economy Ever, Pithily Explained
The Gist
Peach Fish Productions
4.5 • 3.7K Ratings
🗓️ 12 October 2022
⏱️ 37 minutes
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Summary
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| 0:00.0 | The following program has some offensive language. |
| 0:02.6 | Though none of us would be here without the verb deployed, |
| 0:05.7 | it's thought by many better not to hear the verb deployed. |
| 0:13.1 | Wednesday, October 12, 2022 from Peach Fish Productions. |
| 0:16.8 | It's the Gisdai Mike Pesca. |
| 0:18.8 | The Biden administration's defense budget request is out. |
| 0:23.6 | It's at $773 billion. |
| 0:26.7 | A record, if you look at it one way, like the amount of money. |
| 0:30.1 | What Congress does is they usually add 20-something billion to this. |
| 0:33.4 | So it's going to be an over $800 billion defense budget. |
| 0:38.6 | Now, the classic thing to say, and not entirely untrue, |
| 0:41.7 | is wow, that's a lot, you know, since a billion is the thousand, |
| 0:44.8 | million, and we got about 330 million of us in this country. |
| 0:48.2 | We're talking about more than 2,000 per man, woman, and child |
| 0:51.7 | to fund the defense budget. |
| 0:53.8 | As Peter Jewel, who works with the American Progress Think Tank |
| 0:58.2 | and writes for a liberal patriot notes, however, |
| 1:00.7 | this amount of money, though large, is 3% of gross domestic product, |
| 1:05.5 | which is actually really low by historical standards. |
| 1:08.6 | And it's only what the country spent on the military in 1997, |
| 1:13.2 | which is the depth of the Cold War, the height of the end of the Cold War, |
| 1:17.6 | or before 9-11 after the Cold War, |
... |
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