Washington, November 1, 2012 – By Suleiman Wali for RIA Novosti* – One of the biggest issues in the 2012 US presidential campaign has been defense spending, as incumbent Barack Obama and challenger Mitt Romney battle over how much to spend on the American military. But the sheer amount the US spends on defense is a concept foreign to the rest of the world.
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“The United States makes up 43 percent of global military expenditure. No one else comes close,” said Mattea Kramer, senior research analyst at National Priorities Project, an American non-governmental research organization.
“America outspends the next 10 countries combined on defense. No other navy has more than two aircraft carriers. The US has 11,” she added.
“Even under Obama’s plan, which calls for the first military cuts in more than a decade, the US will still dominate the world stage on defense for a long time.”




