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World arms spending soars
Key Excerpts from Article on Website of Seattle Times/Associated Press
Posted: June 9th, 2010
http://seattletimes.nwsource.com/html/nationworld/2012006095...
Despite the global financial crisis, world military spending almost doubled in the past decade to reach $1.53 trillion in 2009, a Swedish think-tank said Wednesday. In its 2010 yearbook, the Stockholm International Peace Research Institute, or SIPRI, said that spending between 2008 and 2009 grew 5.9 percent. The United States remains the biggest spender, accounting for some 54 percent of the increase, the report said. China, which became the second biggest military spender in 2008, retained that position last year. Data also showed that Asia and Oceania are increasing their military expenditures the fastest. The global financial turmoil had little effect on governments upgrading their armed forces, even in countries whose economies were hit the hardest, SIPRI spokesman Sam Perlo-Freeman said. Perlo-Freeman, who heads the think-tank's military-expenditure project [commented] "For major or intermediate powers such as the USA, China, Russia, India and Brazil military spending represents a long-term strategic choice, which they are willing to make even in hard economic times."
Note: Very few major media picked up this eye-opening article. With all of the threatened budget cuts around the world, why is no one talking about the fact that military spending has literally doubled in the last 10 years? Could it be that those who own the media don't want you to know this information? For a powerful essay by a top US general revealing the deeper causes of war and military spending, click here.
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