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Apparently not.
What does $300m per month translate to as a proportion of the defence budget? Here's a clue: quite a bit less than 1%.
What would that make the expense relative to the size of the Federal Reserve's balance sheet? Quite a bit less than the above.
Quite-a bit-less squared. QUABL-Squared. A new kind of financial scare-mongering derivative.
I also heard a while back that the US entire military budget is somewhere around $550 Billion. That works out to less than 4 or 5% of its GDP? Something the discussion panel all agreed was "not excessive", affordable.
Affordable, probably... for how long, maybe forever if need be I suppose.
But I'm from the school of thought that says one would rather not spend money unnecessarily, even if it can be afforded. Kinda like saving for a rainy day, pay off debts, maybe help a few charities or a friend or two in need.
Financial scare-mongering... OK.
For Australia's contribution, our PM guess it'll be around $500 million a year?
Not sure how many GP visits the proposed $7-copayment could be waived for the poor and the seniors; How many university places or scholarships could that pay for? How many computer lab, libraries, football programmes... roads, infrastructures?
But then what good are these good things if we're conquered by pure evil cultists on pick up trucks crossing deserts and oceans right?