An F-35 fighter taxis at Edwards Air Force base (AP/Lockheed Martin)
Panel members insist that 15 years of non-stop war has, despite that same period being loaded with record budgets, pushed the military to its limit, and that the new plan is needed, which will take a decade and cost an addition $1 trillion, above and beyond the already massive amounts being spent.
Hawks on the panel insist that the massive new scheme is needed because the military is “unready” to fight a major war with either Russia or China, despite the $1 trillion by itself likely to be well more than either nation spends in that time.
This trillion dollars easily breaks the budget on already prohibitively high military spending, and it’s just one of many schemes likely to be adopted. The “modernization” scheme for nuclear weapons is similarly expected to get into trillions of dollars, and will be running in parallel with this, and of course with all the ongoing wars and those liable to be launched since then, pushing the military’s actually budget closer to a trillion dollars on an annual basis.
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World military expenditure totalled almost $1.7 trillion in 2015, an increase of 1 per cent in real terms from 2014, according to new figures from the Stockholm International Peace Research Institute (SIPRI).
The volume of international transfers of major weapons has grown continuously since 2004 and rose by 14 per cent between 2006–10 and 2011–15, according to new data on international arms transfers published today by the Stockholm International Peace Research Institute (SIPRI).