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<p>[QUOTE=&quot;GoldFinger1969, post: 26739989, member: 73489&quot;]Most of that is from WW II which had decades to compound.</p><p>The cost of the Korean conflict offers a good example.&nbsp; It&#039;s still costing us $$$ but it&#039;s a fraction of what it cost in 1951.</p><p><br /></p><p><b>Back then it was about 10% of GDP by itself.&nbsp; Today, it&#039;s 0.0001%.&nbsp; </b>If any spending or entitlement programs show that decline over time, please let me know.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> Studies and Wall Street sell-side analysts have shown that the returns on invested capital are HIGHER for non-defense projects than military projects.&nbsp; I haven&#039;t seen it updated since the 1990&#039;s but it still might be the case.</p><p><br /></p><p>The notion that military projects -- where you have to eat cost overruns as oppose to pass them onto your buyer (Uncle Sam) -- are super-lucrative is a fiction believed by people who never studied the issue or understand ROIC or ROE.[/QUOTE]</p><p><br /></p>

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