The U.S. spends more money on its military than all of the next seven biggest spending nations combined.1
These expenditures have surged 50 percent over the decade following September 11, 2011.
The share of the federal budget going to the military exceeds all other types of federal discretionary spending, and is also growing at a faster rate.
Whether this pace will continue lies in Congress’ hands. The 2016 budget proposal calls for increases ranging from one to four percent over this year’s $598.5 billion.
The Pentagon’s budget aims to boost military superiority through innovations – from laser weaponry to ultrasonic flight speed.2
The engineers of today’s arms race appear in the Modern Warfare motif. It has outperformed the Standard & Poor’s over the past 12 months, with an annual return of 17.1 percent, compared to what is now almost zero for the market benchmark.
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1 Tucker, Jasmine, “President’s 2016 Budget in Pictures,” NationalPriorities.org, February 9, 2015.
2 Pellerin, Cheryl, “DOD Officials Discuss Science, Technology Budget,” DOD News, April 24, 2015.