Dwight Eisenhower once said,
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed. The world in arms is not spending money alone. It is spending the sweat of laborers, the genius of its scientists, the hopes of its children.
The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people.
This, I repeat, is the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from an iron cross.”
Address by President Dwight D. Eisenhower “The Chance for Peace” delivered before the American Society of Newspaper Editors, April 16,1953. Read full speech here.
Defense spending as percent of GDP in 1953 – 14.2%.
In 2003, 3.7%.
I Like Ike,
Said the man whose idea of defending Europe against the Soviets was to preposition nuclear weapons all over Europe since they were cheaper than maintaining brigades and airwings.
Valid Point, Kevin. Of course, that does not necessarily negate the truth of this quote however. 🙂