Ron Paul says new military budget will destroy US economy

Former congressman Ron Paul has called the new US military spending plan a “recipe for disaster” that would destroy the country’s economy.

“Next year’s military spending plan keeps the US on track toward destruction of its economy at home while provoking new resentment over US interventionism overseas. It is a recipe for disaster,” Paul wrote in an article published on his website on Sunday.

The former presidential candidate also rejected claims that President Barack Obama’s military budget is less than his predecessor George W. Bush.

“While the neocons keep pushing the lie that the military budget is shrinking under the Obama administration, the opposite is true,” Paul said.

“As the CATO Institute pointed out recently, President George W. Bush’s average defense budget was $601 billion, while during the Obama administration the average has been $687 billion. This bill is just another example of this unhealthy trend,” he added.

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