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Sunday, August 21, 2011

U.S. Military spending highest in the world

From Wichita Peace and Freedom Party Examiner;

As strange as that sounds, Wichita’s Republican US Representative Mike Pompeo told The Wichita Eagle that shrinking the budget means shrinking it everywhere, including defence. Pompeo said the soldier in him didn’t want the $350 billion cut but it won’t be doomsday and he has to agree to trim the defence budget.
In 2010 the US spent $ 698,105,000,000 on defence. That made up 4.7% of the Gross National Product. The US spends more than any other country in the world for defence. That’s almost four times what China spends and China spends the most on the military, next to the US…..
Much of our spending goes to fight wars we really don’t need in Iraq an Afghanistan. These are wars the US fights mostly for oil and other resources. These wars are an attempt at nation building and have nothing to do with our defence or the “war on terrorism.”
For the US economy, every dollar diverted to military use is money that can’t be a part of the economy. The $350 billion cut is a start.

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