Wednesday, June 08, 2011
The Economist puts Defense Spending in Context
Simply put, the US spends more on the military than the next 17 countries compained, all of whom, with a couple of exceptions, are NATO allies. The DoD estimates that China will spend approximately $119B next year on their military in contrast to the U.S which will spend more than 7 times that amount.
You will know a Republican is courageous about the budget when they propose taking on Military spending. Ryan didn't even try, preferring to end health care for the elderly instead.
And beware of those desperate to make China out to be a new military threat. Given the money we owe them, making war against the U.S would be economic suicide. And the Chinese have no intention of committing economic suicide.
Republicans are always fighting the last war. In this case, it's World War II.