The Trillion-Dollar Military Still Isn’t Enough for Washington DC

The military can and often is a huge source of crony capitalism and we have seen a bipartisan military spending boom in recent years.

(From Mises)

In 2018 dollars, defense spending hit approximately $942,198 — which includes “homeland defense” spending and spending on veterans. It can soon be expected to top a trillion dollars every year.

Thanks to Donald Trump’s budget deals with the Democrats, which paves the way for even more lavish use of taxpayer money, defense spending increased 9.9 percent from 2018 to 2019.