If Congress funds the president’s $623 billion FY2008 military budget request, we will spend more on our forces next year than at any time since World War II. As they defend this budget before congressional committees, Defense Department officials are also arguing for a substantial increase above this amount in future years, even as they project that spending on the current wars will decline. A consistent theme of these presentations is that military spending currently represents a relatively low percentage of national Gross Domestic Product.
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