Posts Tagged ‘military spending’

Obama Can End our Economic Dependency on War by Curtailing Global Arms Sales

Obama was elected as the first anti-war president since Dwight D. Eisenhower promised to end the Korean Conflict. War is big money to the US, and this country is the world’s top military spender! As Deepak Chopra wisely said, “Unless it can make as much money as war, peace doesn’t stand a chance.”

The World’s Top 10 Military Spenders

800px-us_army_m1a1_abrams_main_battle_tank.jpg1. United States (FY08 budget), $623 billion
2. China (2004), $65 billion
3. Russia, $50 billion
4. France (2005), $45 billion
5. United Kingdom, $42.8 billion
6. Japan (2007), $41.75 billion
7. Germany (2003), $35.1 billion
8. Italy (2003), $28.2 billion
9. South Korea (2003), $21.1 billion
10. India (2005 est.), $19 billion

Image source: Wikimedia Commons

Data source: TomDispatch.com

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