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Are We in for Another Increase in Military Spending?
At the present time, an increase in U.S. military spending seems as superfluous as a third leg. The United States, armed with the latest in advanced weaponry, has more military might than any other nation in world history. Moreover, it has begun a $1 trillion program to refurbish its entire nuclear weapons complex. America’s major military rivals, China and Russia, spend only a small fraction of what the United States does on its armed forces―in China’s case about a third and in Russia’s case about a ninth. Furthermore, the economic outlay necessary to maintain this vast U.S. military force constitutes a very significant burden. In fiscal 2015, U.S.