| All that money and Africans are still being chopped into pieces and women raped on a daily basis. Let's get with the program...quit crying over spilled milk and stop the genocide that is currently happening!!!!
Sorry, I forgot...globalism comes with a cost...in lives and $$ 
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Report: World military spending tops $1T in 2004
STOCKHOLM, Sweden (AP) — Global military spending in 2004 broke the $1 trillion barrier for the first time since the Cold War, boosted by the U.S. war against terror and the growing defense budgets of India and China, a European think tank said Tuesday.
Led by the United States, which accounted for almost half of all military expenditure, the world spent $1.035 trillion on defense, equal to 2.6% of global gross domestic product, the Stockholm International Peace Research Institute said.
Besides its regular defense budget, the United States has allocated $238 billion since 2003 to fight terrorism, according to the report. "These appropriations are now assuming extraordinary proportions," said SIPRI researcher Elisabeth Skons, who co-authored the organization's annual report.
Adjusted for inflation, the figure for global military spending in 2004 is only 6% lower than its Cold War peak in 1987-1988, Skons said.
Total military expenditure grew 6% in 2004 over the previous year, in line with an average annual increase since 2002, the institute said. South Asia, northern Africa and North America made the largest increases. In Western Europe and Central America, military spending fell.
But the report said the figures might be on the low side as countries are increasingly outsourcing services related to armed conflicts, such as military training and providing logistics in combat zones, without classifying them as military expenditures.
Such outsourcing has more than doubled in the last 15 years, and was estimated to have reached $100 million during 2004, SIPRI researcher Caroline Holmqvist said. The researchers predicted it would double again from current levels by 2010.
"This is a global phenomenon," Holmqvist said, adding it was difficult to provide exact figures. "This is an industry that is not largely regulated."
http://www.usatoday.com/news/world/...RM_Exclude=Juno | |
