... the 2% GDP is the amount per country
in NATO for common defense.
However, I believe that overall, during the
last eight years, the USA budget has fallen
around 15%. He outlined how he will cut nearly
every other aspect of govt by around 10%
(in this first budget) to get the ball rolling.
Oftentimes military spending is a boon for the
economy/tax receipts. I know here in New
Mexico (heavy defense State) people are smiling ...
even the deep blue people.
~~~~~~~~~U.S. Military Budget:
Components, Challenges, Growth
Updated October 26, 2016
The U.S. military budget is $773.5 billion. That's the budget for Fiscal Year 2017 (October 1, 2016 through September 30, 2017). There are four components. First is the Department of Defense (DoD) base budget ($523.9 billion). Second is the Overseas Contingency Operations (OCO) for DoD to fight ISIS ($58.8 billion).
But there's more to military spending than the Department of Defense. Many other agencies are involved with protecting our nation.
These expenses total $175.9 billion. They include the Department of Veterans Affairs
($75.1 billion), the State Department
($37.8 billion), Homeland Security
($40.6 billion), FBI and Cybersecurity in the Department of Justice
($9.5 billion), and the National Nuclear Security Administration
in the Department of Energy
($12.9 billion). There is also $14.9 billion in OCO funds for the State Department and Homeland Security to fight ISIS
. (Source: "Mid-Session Review Fiscal Year 2017, Table S-10." "2017 Budget, Summary Tables, Table S-11," Office of Management and Budget.)√ https://www.thebalance.com/current-us-discretionary-federal-budget-and-spending-3306308