The US budget: in the grip of the financial crisis

News and Society
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Already, all financial analysts of the worldconsider the astronomical deficit experienced by the US federal budget as one of the main threats to the status of the United States as a "superpower". Since the reign of President George W. Bush, the hole in the US budget has steadily grown with unenviable stability, gluttonously absorbing more and more new means of ordinary taxpayers.

US Budget

And under the presidency of Barack Obama, the US budgetbegan to crack at the seams, and its deficit has already exceeded the critical figure of one trillion dollars. Of course, not the least role was played by colossal allocations for defense (more precisely, the attack) and gigantic expenditures on all sorts of space programs of highbrow masters from NASA that are extremely necessary for the average American taxpayer.

The highest deficits thatexperiencing the US budget, has already led to an unprecedented increase in public debt, currently exceeding the critical level of sixteen trillion dollars. What regularly causes a flurry of tough criticism of the presidential administration by parliamentarians from the Republican Party.

US Federal Budget

A special attention in this aspect deservesThe US military budget, which is the largest in the world. In 2013, it is $ 701.8 billion. For comparison, according to data released by the Stockholm Peace Research Institute, the total military spending of all other states of the world is 1.339 trillion. dollars. The US budget allocates for the Pentagon's needs a little less than four percent of the country's total GDP. Which, of course, is much inferior to that of the Cold War era, when the United States spent about 5.7% of its gross domestic product on maintaining its military machine. But it is also noticeable against the backdrop of the continually growing "black hole" of the budget, which threatens to devour the entire economy of America.

And one more little illustration on the subject. According to authoritative international studies, in 2007 the US budget allocated the Pentagon 547 billion of evergreen dollars. In the same period, Britain's defensive spending was less than $ 60 billion, China - almost 58.3 billion in the same currency, Russia - 35.4 billion dollars, France - 53.6 billion, Saudi Arabia - less than thirty-four billion. The difference is more than palpable!

US Military Budget

If this trend persists, the NavyThe United States is projected to be forced to limit its presence and significantly reduce activity in the Pacific-Asia region by about a third. The result can be a significantly greater freedom of maneuver between China and Iran, which will have a significant impact on the changing geopolitical situation in this region of the globe.

Also, a reduction in the cost of maintaining a militarythe agency will entail a reduction of the US military presence on the European continent. Until now, the United States has been carrying the main financial burden on NATO's costs and maintaining the common alertness of the alliance forces. This combat readiness, as the operation against Libya visually demonstrated, is very problematic. And now it can become even depressing. All this will inevitably lead to a change in the geopolitical alignment of forces.

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