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Global military spending hits $1.12 trillion
Key Excerpts from Article on Website of ABC News/Reuters
ABC News/Reuters, June 12, 2006
Posted: November 11th, 2006
http://abcnews.go.com/US/wireStory?id=2065482
Posted: November 11th, 2006
http://abcnews.go.com/US/wireStory?id=2065482
U.S. spending in Iraq and Afghanistan helped push up global 2005 military expenditure by 3.5 percent to $1.12 trillion. The USA is responsible for 48 percent of the world total, distantly followed by the UK, France, Japan and China with 4 to 5 percent each. U.S. spending was behind about 80 percent of the gain in 2005.
Note: If you crunch the numbers you find that the U.S. spends literally ten times as much as the next highest spending country on military expenditures. Is it any wonder the U.S. is seen as a warring nation?
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