Chart of the Day: The Jaw-Droping Decline in Military Spending That Clubbed GDP

CHART OF THE DAY: The Jaw-Dropping Decline In Military Spending That Clubbed GDP

from Clusterstock by Joe Weisenthal

Why did GDP decline?
Simple, because of a massive decline in military spending that's associated with war drawdown (not sequester/budget cuts).
Here's the chart that shows that this quarter's military spending collapsed in a way that it hasn't done in a decade. It shows the sequential change in defense consumption, and as you can see it fell by over $40 billion from the previous quarter.
For more on today's GDP report, see here >http://www.businessinsider.com/chart-of-the-day-military-spending-decline-2013-1?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29