Wednesday, April 29, 2015

US Military Spending Still Up 45% Over Pre-9/11 Levels; More Than Next 7 Countries Combined

Despite a decline in military spending since 2010, U.S. defense expenditures are still 45 percent higher than they were before the 9/11 terror attacks put the country on a seemingly permanent war footing.

And despite massive regional buildups spurred by conflict in the Ukraine and the Middle East, the U.S. spends more on its military than the next seven top-spending countries combined, according to new figures compiled by the Stockholm International Peace Research Institute (SIPRI).

That’s nearly three times as much as China, and more than seven times as much as Russia.

The share of world military expenditure of the 15 states with the highest expenditure in 2014. (Source: SIPRI)

Saudi Arabia is now the fourth-biggest military spender on the globe, which in its case means spending nearly $80 billion last year buying weapons, mostly from the U.S., and most notably including fistfuls of F-15 fighters and top-of-the-line attack helicopters.  READ MORE

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