'Since the end of the Cold War in 1990, US defense spending has increased 182 percent in nominal terms, and 44 percent in inflation-adjusted terms. In inflation-adjusted terms, defense spending is now about equal with the all-time peak reached in 2011, and the White House’s Office of Management and Budget estimates that defense spending will reach an all-time high in 2020.
In 2018 dollars, defense spending hit approximately $942,198 — which includes “homeland defense” spending and spending on veterans. It can soon be expected to top a trillion dollars every year.
Thanks to Donald Trump’s budget deals with the Democrats, which paves the way for even more lavish use of taxpayer money, defense spending increased 9.9 percent from 2018 to 2019.
Meanwhile, based on conservative 2017 estimates of spending from the Stockholm International Peace Research Institute (SIPRI) — which ignore spending on veterans, for instance — the US spent 610 billion dollars, while China spent 228 billion. The rest of the list engaged in minuscule amounts of spending by comparison, with Russia spending 66 billion, the UK spending 47 billion, and Japan spending 45 billion — to list a few examples.
In other words, US politicians spent more on defense than the next seven biggest spenders combined. And most of those other spenders are consistent allies.
And, of course, the US government has an enormous stockpile of nuclear weapons, which, as Dwight Eisenhower understood, is essentially an impenetrable deterrence against an existential threat to the US government.
Nevertheless, in the wake of this year’s budget deal, researchers from the American Enterprise Institute claimed the binge still was not enough. For them, a trillion dollars per year is just barely enough to “avoid outright disaster.”
After all, a trillion dollars simply isn’t enough when the “National Security Strategy” is to be ready to launch three wars at once: in Europe, the Middle East, and East Asia.
There is no upper bound on spending with these perennial advocates for what is essentially unlimited spending on the military.'
Read more: The Trillion-Dollar Military Still Isn’t Enough for the War Party
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24 September 2019
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