Global Military Spending Hits High But Growth Slows (Still rising in U.S., Dropping in Europe)

[onehandle]

Source: Reuters

Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.

Global spending rose 1.3 percent in real terms, a slowdown from 5.9 percent the year before as the economic downturn caused by the 2008 financial crisis hit military spending, the Stockholm International Peace Research Institute said.

"In many cases, the falls or slower increases represent a delayed reaction to the global financial and economic crisis that broke in 2008," it said in a statement, adding that there were regional differences.

Spending in Europe shrank 2.8 percent to $382 billion as governments started to rein in soaring budget deficits.

Read more: http://www.huffingtonpost.com/2011/04/10/global-military-spending-_n_847257.html

[Joyful74]

1. Do we really need to spend 6 times more on defense than China?

I think it is a slap in the face to the citizens of this country who are working their asses off day after day to just get by. Now we will be cutting Medicare for grandma and grampa because we don't have enough aircraft carriers. SICK!!!

[onehandle]

2. In public China is negative about our multiple wars in the Middle East.

But it's been reported that in reality they are all for these 'distractions,' so that they can conquer the financial world that much faster.

[Joyful74]

4. Yes, China is getting a front row seat of the rapid decline in the US

They have put their nose to the grindstone and not looked back. That and although they are a communist country, they have made changes so that their citizens are reaping the benefits of their prosperity. They are being smart and very patient. Meanwhile we continue to increase our military spending, and get involved in more wars. But pretty soon all we will have are a bunch of bombs protecting a country that has crumbled.

[Johnny Harpo]

3. Oh Boy....Developing More Ways We Can Kill Each Other....

like the world economy in the dumper isn't enough.

[Joyful74]

5. Is'nt it wonderful. ( Sigh)

[avaistheone1]

6. Totally insane

and disgusting. These wars and the military industrial complex is literally bankrupting this country on all levels.


:grr: