According to SIPRI, total world spending on military expenses in 2009 was $1.531 trillion US dollars. 46.5% of this total, roughly $712 billion US dollars, was spent by the United States. The privatization of the production and invention of military technology also leads to a complicated relationship with significant research and development of many technologies.
The Military budget of the United States for the 2009 fiscal year was $515.4 billion. Adding emergency discretionary spending and supplemental spending brings the sum to $651.2 billion. This does not include many military-related items that are outside of the Defense Department budget. Overall the United States government is spending about $1 trillion annually on defense-related purposes.
The defense industry tends to contribute heavily to incumbent members of Congress.
Read more about this topic: Military-industrial Complex
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Famous quotes containing the word current:
“It is a quite remarkable fact that the great religions of the most civilized peoples are more deeply fraught with sadness than the simpler beliefs of earlier societies. This certainly does not mean that the current of pessimism is eventually to submerge the other, but it proves that it does not lose ground and that it does not seem destined to disappear.”
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