esselte said:
ms spock said:
roughbarked said:Guns and rockets and all things to kill people are big part of the US economy. They have to have wars to be able to do business.
,+1
-1 from me.
US arms manufacture is a small part of the US economy. It sits mid-tier, well behind the truly giant sectors like health care, real estate, finance, retail, wholesale, construction, transport, education, utilities, agriculture, hospitality etc.
Weapons related manufacturing accounts for somewhere between 0.5% – 1% of US economic output.
Strategic importance of the sector is high, but economic importance is low.
Heya esselte
It is true, healthcare and Social Security take up significant amounts.
From what I have read military spending takes up 13.3% of the federal budget. So it is not insignificant spending.