Posted on 02/26/2025 9:18:32 AM PST by Red Badger
In 2024, the U.S. spent nearly $1 trillion on its defense budget, equal to 3.4% of GDP.
In contrast, NATO members in Europe and Canada spent an average of 2% of GDP on defense. While NATO’s defense budgets have declined since the Cold War, Russia’s military spending has surged by 227% since 2000, and China’s has skyrocketed by 566%.
This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the top 15 largest defense budgets in 2024, based on data from the International Institute of Strategic Studies.
(Excerpt) Read more at uncanceled.news ...
Open this link. It’s Flightradar24, and is filtered for government aircraft only. A very large percentage are military aircraft. I cannot imagine the cost of this, and it is an every day occurrence. Not saying it’s good or bad, but that’s a lot of money. Check Europe and see how many of the aircraft are U.S. military.
https://www.flightradar24.com/35.51,-97.34/5
A pet peeve of mine is when people say the US is the richest country in the world.
NOTHING could be further from the truth!
we are actually a POOREST country in the world. Our national debt is 36 trillion.
Anyone who thinks we are rich also believes those who live McMansions and drive fancy cars but are drowning in debt are rich.
I would like to see a detailed apples to apples comparison.
I doubt that each country has the exact same way of counting defense spending and what is included in that category.
Most of them lie about it.................
Cut ours by 2/3 because of waste.
It also is high because our soldiers are not conscripts and get semi-decent pay.
36 trillion in debt
340 million people total
= every man woman and child owes ... $105,882
“””also believes those who live McMansions and drive fancy cars but are drowning in debt are rich.”””
It does seem like a better version of poverty than a trailer park and taking the city bus to work.
it is certainly a better illusion of prosperity which their higher education allows them to project. But the bill eventually comes due and they will eventually have an emergency or retire and have nothing.
Kind of a big blanket statement there :)
well if you never save anything, and have pulled all the equity out of your home with home equity loans and the only assets you have are cars and clothes were are depreciating.
It’s just a matter of time before that house of cards collapses.
They will have Social Security, so there’s that
I know a lot of rich people lose some or a lot of their wealth but I can’t think of many who went from rich to poverty without mental illness or addiction.
56% of Americans can’t come up with $1000 in an emergency.
A huge number of Americans are 1 unexpected event away from bankruptcy
From the chart, it looks like you could add the defense budgets of the top 10 countries and it would not even be equal to the USA’s.
That is a whole new topic, you lost interest in your statement about the rich people in the mansions and with fancy cars?
not at all, they are the same people. Those people in those homes dont have $1,000 for an emergency, which was exactly the point.
They may make $100,000 a year, but they spend $120,000 a year, so instead of getting richer, they get poorer and poorer until eventually “something happens” someone gets sick, or a divorce or whatever, and then it all comes crumbling down.
And depending upon which source one might choose, we spend around 2-3 times our Defense budget on Social Security and Medicaid to our citizens. So while our defense budget is huge, is is dwarfed by direct social spending. Anybody have info showing otherwise?
See post 12, you are going too far out on a weird limb.
By the way, when you were talking about “those who live McMansions and drive fancy cars” I sure didn’t think you meant people making $100,000.
Now do the same calculation with TAX PAYERS.
I assume it is over $300K.
Then figure it out for the top 5% that pay almost all the taxes.
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