Cost
The designing, testing, producing, deploying, and defending against nuclear weapons is one of the largest expenditures for the nations which possess nuclear weapons. In the United States during the Cold War years, between "one quarter to one third of all military spending since World War II devoted to nuclear weapons and their infrastructure." According to a retrospective Brookings Institute study published in 1998 by the Nuclear Weapons Cost Study Committee (formed in 1993 by the W. Alton Jones Foundation), the total expenditures for U.S. nuclear weapons from 1940 to 1998 was $5.5 trillion in 1996 Dollars. The total public debt at the end of fiscal year 1998 was $5,478,189,000,000 in 1998 Dollars or $5.3 trillion in 1996 Dollars. The entire public debt in 1998 was therefore attributable to the research, development, and deployment of U.S. nuclear weapons and nuclear weapons-related programs during the Cold War.
Read more about this topic: History Of Nuclear Weapons
Famous quotes containing the word cost:
“Greeting people doesn’t cost you anything except a roll of your tongue.”
—Chinese proverb.
“Mining today is an affair of mathematics, of finance, of the latest in engineering skill. Cautious men behind polished desks in San Francisco figure out in advance the amount of metal to a cubic yard, the number of yards washed a day, the cost of each operation. They have no need of grubstakes.”
—Merle Colby, U.S. public relief program (1935-1943)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)