Australia's Military Defense Policy Explained

surfingytsays...

if the USA war machine could be satiated by only $400B USA could have so much excess for internal spending, and/or lower taxes and refunds, and/or no inflation, and/or less terrorism, and on and on and on.

cloudballoonsays...

You have to take into account of the population difference (AUS ~25.6 mil vs USA. ~328.5mil), standard of living, GDP, taxation, etc. etc. to make a fair comparison. Going by a straight currency exchange & population diff. of 1 AUD = ~ .73 USD, a very generalized equivalent would be about asking a 3.7~3.8 trillion war chest budget for the USA.

surfingytsaid:

if the USA war machine could be satiated by only $400B USA could have so much excess for internal spending, and/or lower taxes and refunds, and/or no inflation, and/or less terrorism, and on and on and on.

greatgooglymooglysays...

If the US spent $400 billion a year, Australia would spend about USD$31 billion a year at a comparable per capita level, just what was mentioned in the video. If you change that to AUD, it would be 42 billion a year.

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