Wednesday, May 25, 2011

Military Bonanza

Hey guess what isn't news: The United States spends more on their military than most other countries.

Three different estimates: 2011 at 741 billion2009 at 515 billion, and 2010 at 687 billion.
According to the 2011 estimate the United States is "only" spending the combined efforts of China, India, Russia, Saudi Arabia, France, and the United Kingdom (there is left over change roughly equaling Iran's expenditure).
Not surprisingly each year the United States total expenditure has risen and China has followed suit. Thus the amount of total World expenditure has risen making the United States share "smaller" even though it has increased by over 200 billion since 2009. I guess someone can take solace in the fact that apparently China's expenditure growth is dwarfing the United States. 2009 they were at 59 billion, 2010 doubled that figure, and 2011 tripled that figure.
I guess money really does grow on trees.

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