A few interesting facts and charts on US military spending by Dinah Walker.
- In inflation-adjusted dollars, SIPRI’s measure of U.S. military spending rose sharply after the terrorist attacks of 2001.
- In 2011, military spending declined by almost $9 billion, the first such decline since 1998.
- Sequestration scheduled to take effect in January promises about $55 billion in cuts to U.S. military spending, although the baseline against which these cuts will be made remains unclear.
- The president’s 2013 budget requests $728 billion in military spending. If this were used as the baseline, sequestration would mean a 7.5 percent reduction in military spending from the president’s requested level in FY 2013.
- When U.S. inflation-adjusted military spending fell by one-third in the 1990s, the U.S. share of global military spending only fell by six percentage points because other countries, particularly Russia, reduced their military spending as well.
- By contrast, the 1.2 percent fall in U.S. military spending in 2011 resulted in a 0.6 percentage point fall in the global share, as military spending by the rest of the world simultaneously increased.
Full reading here.