$60B is not chump change. But it is pretty small compared to the $1+T that we will spend on Iraq.
You all of the rest of us will get an opportunity to make that polling booth choice very soon.
In effect, some politicians are saying choose either defense or SS and Medicare... (one or the other)!!! And defense is the choice of the group that is forcing the decision.
There is at least one candidate for president that has made their intentions clear... dismantle SS and Medicare.
I believe it is a manufactured issue to force one or the other.... but it could come down to Medicare and SS or Defense costs.
You will decide and it will be pretty soon!
I believe we can have both defense and SS+Medicare. For that matter, I believe our country needs both. It does not have to be: pick one!
The EU and Japan some parts of Asia and the middle east are getting a free ride on defense costs for the last 50 years. Why should we shoulder all of that burden? The combined EU and Japanese Economies are little bigger than the US. Why should we continue to pay all of that cost and provide them with an economic advantage?