Earlier this month, SIPRI (Stockholm International Peace Research Institute) which monitors global military spending, released its latest report. To no one’s surprise, the US topped the list, with more spending than the next seven biggest spenders combined.
As Donald Trump might put it, major weapons contractors like Boeing, Raytheon, and Lockheed Martin cashed in “bigly” in his first year in office.
As Donald Trump might put it, major weapons contractors like Boeing, Raytheon, and Lockheed Martin cashed in “bigly” in his first year in office.
The Trump administration is seeking nearly $6 billion in military spending to pay for urgent missile defense improvements to counter the threat from North Korea, increased U.S. troop levels in Afghanistan and fast repairs to Navy ships in the Asia-Pacific theater.
Where were the pundits and elected lawmakers who complain about the cost of providing healthcare to all Americans when the Senate voted to spend $700 billion on the military?
Abrams battle tanks from the US Army’s 4th Infantry Division on rail cars as they arrive at the Gaiziunai railway station in Lithuania, Feb. 10, 2017.(AP/Mindaugas Kulbis)
Trump’s budget for 2018, proposes cutting lots of stuff, from the EPA to the NEA and even small cuts at NASA. One of the few departments that will not see any cuts was the US Department of Defense.
In 2015, Politico estimated that there are 800 U.S. bases abroad. The cots to maintain this massive military global footprint runs up to $100 billion annually.
The Visual Capitalist has summed up the huge US military machine the Infograph and accompanying charts below…
U.S. soldiers board a U.S. military aircraft in Bagram, north of Kabul, Afghanistan. (AP/Musadeq Sadeq)
MINNEAPOLIS – No empire has lasted forever. As history as shown, every imperialistic society has eventually succumbed to its own vices, be it misallocation of resources, concentration of wealth in the hands of a small elite minority or the overextension of its military.
(ZHE) As observed earlier in the day, as part of the leaked preliminary Trump budget, the president was set to unveil major spending increases for U.S. defense offset by cuts to federal agencies, and other non-defense sectors.
“A lasting era of justice and peace.”
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