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Commie Military Spending December 30, 2013

Posted by geoff in News.
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Figured I’d follow up yesterday’s post with an update on military spending by our geopolitical foes.

I wrote a post back in 2006 worrying about China’s and Russia’s trends in military expenditures. Since then, Russia’s inflation-adjusted expenditures have increased by 60% and China’s have doubled. Ours have increased by 16%. So my worry hasn’t diminished.

China and Russia Military ExpendituresThrough2012

Back in the mid-90’s their combined spending was at a low point – their combined spending was only 15% of ours. Now it’s 38%. And if you consider the lower prices and salaries in those countries (i.e., the purchasing power parity), their effective military budget is about 57% of ours. That’s not taking into account the money they save by taking advantage of US R&D, nor the fact that both countries have a history of understating their actual military expenditures.

As predicted, China has already started throwing its weight around the South China Sea. Russia is playing footsie with the US in Eastern Europe over missile and missile defense systems. What will they be doing in 10 years?

*Military expenditure data from SIPRI.org. Purchasing Power Parity estimate from the World Bank.

Comments»

1. punk - December 30, 2013

Yeah, it’s troubling. Add to that the bungling of the F-22 and F-35 programs and things get a bit scarier.

Say, who was that politician who cut the funding for the F-22? Seems to have slipped my mind.

2. geoff - December 30, 2013

Fortunately we have archives, which allow us to see where the evil started.

3. punk - December 30, 2013

This guy was brilliant:

Heck, 2012 is gonna be a great year for the military industrial complex. Bomb shelters, shotgun shells, and canned foods don’t make themselves, you know!

How many survivalist shows are on TV now?

4. punk - December 30, 2013

And since I can’t find anywhere else really to post this, I added another flag to my Flag Counter (that I fully intend to someday install). Added Germany today. So that means I’m now up to the United States AND Germany.

5. Retired Geezer - December 30, 2013

Somewhere Michael’s eyebrow is twitching.

6. geoff - December 31, 2013

I think I should start posting All-China, All-The-Time just to make Michael start posting again.

Unless, of course, he retaliates with Rolling in the Deep covers.

7. punk - December 31, 2013

Added India last night. A real-live google.co.in web search!

Take THAT Huffington Post!


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