The Cost Of Perpetual War Never Stops Rising

Taken all together, defense spending in Fiscal Year 2019 is estimated to total more than $876 billion not counting the interest-payment component.

That’s equal to the state budget of Texas seven times over. Compared to other nation states, of course, the US military budget is immense, and Reuters reported in May that the Russian military spending “fell by a fifth last year” totaling the comparatively small amount of $66 billion.

 

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