That's a GOP mantra but I wonder how much we really need to spend considering what the rest of the world spends.
Global Security estimates that in 2004, the entire world spent about $950 billion while the U.S. spent about $467 billion. Thus, we accounted for slightly over 49% of the entire world's spending on defense.
In 2005, Global Issues estimates that U.S. spending accounts for about 48% of the world's spending.
There are some differences in figures reported by different organizations but it seems clear that we account for at least 40% of the entire world's spending, even if we ignore Fredo's wars.
Do we really need to spend that much? The neo-cons would say "yes" but they aren't sober analysts of our needs.
Thursday, January 04, 2007
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