Despite plans for near-record military spending, the influential American Enterprise Institute claims the US government is underfunding national defense.
Earlier this month, SIPRI (Stockholm International Peace Research Institute) which monitors global military spending, released its latest report. To no one’s surprise, the US topped the list, with more spending than the next seven biggest spenders combined.
According to the report, in 2017 the US spent 610 billion dollars, while China spent 228 billion. The rest of the list engaged in miniscule amounts of spending by comparison, with Russia spending 66 billion, the UK spending 47 billion, and Japan spending 45 billion — to list a few examples.