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US Military Spending and Budget Deficits, 1948-present

President Year Military Spending
(billions)
Annual Debt
Added (billions)
Presidential Term
Military Spending (billions)
Presidential Term
Total Debt (billions)
Truman 1949 144.2 0.5    
  1950 141.2 5    
  1951 224.3 -2    
  1952 402.1 4 911.8 7.5
Eisenhower 1953 442.3 7    
  1954 420.9 4    
  1955 376.9 3    
  1956 356.2 -2    
  1957 360.9 -2    
  1958 352.9 6    
  1959 352.5 8    
  1960 344.3 2 3006.9 26
Kennedy 1961 344.0 2    
  1962 363.4 10    
  1963 368.0 7    
Johnson 1964 364.4 6 1439.8 25
  1965 333.1 6    
  1966 356.2 2    
  1967 412.0 7    
  1968 449.3 21 1550.6 36
Nixon 1969 438.1 6    
  1970 406.3 17    
  1971 370.6 28    
  1972 343.8 29    
  1973 313.3 31    
Ford 1974 299.7 17    
  1975 293.3 58    
  1976 283.8 97 2748.9 283
Carter 1977 286.2 78    
  1978 286.5 73    
  1979 295.6 55    
  1980 303.4 81 1171.7 287
Reagan 1981 317.4 90    
  1982 339.4 145    
  1983 366.7 235    
  1984 381.7 195    
  1985 405.4 251    
  1986 426.6 302    
  1987 427.9 225    
  1988 426.4 252    
Bush I 1989 427.7 255    
  1990 409.7 380    
  1991 358.1 332    
  1992 379.5 399 4666.5 3061
Clinton 1993 358.6 347    
  1994 338.6 281    
  1995 321.6 281    
  1996 307.4 251    
  1997 305.3 189    
  1998 296.7 113    
  1999 298.4 130    
  2000 311.7 18 2538.3 1610
Bush II 2001 307.8 133    
  2002 328.7 421    
  2003 404.9 555    
  2004 455.9 596    
  2005 495.3 553    
  2006 535.9 574    
  2007 527.4 501 3055.9 3333

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