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Defense economics, field of national economic management concerned with the economic effects of military expenditure, the management of
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military budget (or military expenditure), also known as a defense budget, is the amount of financial resources dedicated by a state to raising and maintaining an armed forces or other methods essential for defense purposes.. Military budgets often reflect how strongly a country perceives the likelihood of threats against it, or the amount of aggression it wishes to conjure.
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Taxing and Spending Clause (which contains provisions known as the General Welfare Clause) and the Uniformity Clause, Article I, Section 8, Clause 1 of the United States Constitution, grants the federal government of the United States its power of taxation.While authorizing Congress to levy taxes, this clause permits the levying of taxes for two purposes only: to pay the debts of the ...
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