The United States does not spare costs for its military. The nation spends more on its military than the forces of China, the UK, France, and Russia combined. Some argue that this is too much, while others argue that the protection of the people and the control of US interests justify the high cost.
Technology Isn’t Cheap
The US develops and employs a great deal of technology in the military to give it superior firepower and capabilities.
Unfortunately, this technology is expensive and drives the costs of equipment higher. In some instances, the developer of a certain piece of equipment may increase the price for the sake of making more money. Most people that have dealings with the US government can attest to how lucrative a military contract can be.
In 2009, the US spent more than twice the amount the remaining top four countries (military spending-wise) spent on their military forces. While the world’s economic problems were getting worse, the budgets for the military were increasing.
In fact, most of the top 10 countries increased their military budget despite social unrest and financial collapse. In most cases, the expenses were justified by stating that the government needed to protect its interests abroad.
Although the military is necessary in order to stave off advancements from unfriendly countries, when is the spending considered excessive? This is a question that will garner all kinds of wildly differing opinions that we won’t go into here.
Whatever your opinion of military spending, it is mind-bending to realize that as of 2009, the US accounts for nearly one-third of all military spending across the entire planet.
World Military Spending Compared
For this information in a condensed version, we’ve provided an infographic below that is more at-a-glance than blog posts. Let us know what you think!
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Click Image to Enlarge >>
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Related: VA Loans for Military Vets.