Thursday, June 10, 2004

Yahoo! News - Global Military Spending Soars in 2003

Yahoo! News - Global Military Spending Soars in 2003:
"STOCKHOLM, Sweden - World military spending surged during 2003, reaching $956 billion, nearly half of it by the United States as it paid for missions in Iraq (news - web sites), Afghanistan (news - web sites) and the war on terror, a prominent European think tank said Wednesday.

The money has been effective in waging war, but threats of terror and weapons of mass destruction still exist, according to the Stockholm International Peace Research Institute.
Military spending rose by 11 percent, which the group called a 'remarkable increase.' The amount was up 18 percent from 2001.
The $956 billion spent on defense costs worldwide corresponded to 2.7 percent of the world's gross domestic product, according to the annual report.
'It's very close to the Cold War peak in 1987,' said SIPRI researcher Elisabeth Skoens, who co-authored the report. "

Wow, if Reagan won the Cold War singlehandedly by outspending the U.S.S.R., President Bush will probably have won the war on terror in another year or two. Way to go, boys! Now if only we can figure out where that Osama creep keeps getting his team funded... I'm not going to go into a whole rant right now about the hypocrisy of Bush's support for the Saudi dynasty, but here are a few takes on the matter.

I don't pretend to be giving unbiased coverage here. i threw in fox news merely because everyone recognizes the connection, but not everyone agrees on how responsible it is. Especially of the note is the House of Bush link - Craig Unger's work,
House of Bush, House of Saud, which was an NY Times Bestseller and is featured in Michael Moore's upcoming documentry Fahrenheit 9/11.