Military Spending is the Capitalist World's Fuel
Date Written: 22/04/2016
Year Published: 2016
Resource Type: Article
Cx Number: CX19256
It is common for activists to decry the enormous sums of money spent on the military. Any number of social programs, or schools, or other public benefits could instead be funded. Not least is this the case with the United States, which by far spends the most of any country on its military. The official Pentagon budget for 2015 was $596 billion, but actual spending is far higher. (Figures for 2015 will be used because that is the latest year for which data is available to make international comparisons.) If we add military spending parked in other portions of the U.S. federal government budget, were up to $786 billion, according to a study by the War Resisters League. Veterans benefits add another $157 billion. WRL also assigns 80 percent of the interest on the budget deficit, and that puts the grand total well above $1 trillion.