An Estimate of the Real Military Budget

The Trillion Dollar Defense Budget is Already Here, by Robert Higgs.

The Defense Department’s budget is only a small part of the amount the United States spends on its military: hundreds of billions of dollars are hidden elsewhere, in the Department of Veteran’s Affairs, the DHS, in interest payments on defense-related national debt, and so on.

Therefore, I propose that in considering future defense budgetary costs, a well-founded rule of thumb is to take the Pentagon’s (always well publicized) basic budget total and double it. We may overstate the truth, but if so, we’ll not do so by much.