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Re: Putin to increase military spending by 85% through 2017.

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 16 Dec 14 6:10 PM | 24 view(s)
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Msg. 16577 of 54959
(This msg. is a reply to 16573 by orda)
Jump:

hi orda,

there's no doubt that the us is a military goliath. but bear in mind that chinese spending is catching up fast as its economy grows.

at present rates of growth, i would hazard a guess that china's military expenditure will equal us expenditure within 10 years or so.

also, us spending on its military has reduced from 4.7% to 3.8% of GDP since 2010.

so although these statements about us expenditure may once have held true, i am not sure they do currently.

http://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS

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The above is a reply to the following message:

Re: Putin to increase military spending by 85% through 2017. By: orda in ALEA Tue, 16 Dec 14 4:56 AM	Msg. 16573 of 54959
Sounds familiar... "...we spend nearly as much on defense as the rest of the world combined..." http://www.sanders.senate.gov/newsroom/recent-business/sanders-opposes-bloated-pentagon-budget

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