You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

Defense Spending Increases at Fastest Rate in 50 Years

HeadlineAug 01, 2003

Defense spending in the United States increased at the fastest rate in the past 50 years during the three-month period following the start of the Iraq invasion. The Wall Street Journal reports this increase — the largest since the Korean War — was the main reason the nation’s gross domestic product jumped a robust 2.4 percent last quarter. The Pentagon is spending about $4 billion per month on the Iraq occupation not including the costs of reconstructing the country.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top