BBC NEWS | Business | Military spending sets new recordGlobal military spending rose 4% in 2008 to a record $1,464bn (£914bn) - up 45% since 1999, according to the Stockholm-based peace institute Sipri.
Interesting that "peace-keeping" has now become a multi-billion-dollar industry in its own right. And of course the killer stats remain the same:
The top 10 military spenders:
USA $607bn
China $84.9bn
France $65.74bn
UK $65.35bn
Russia $58.6bn
Germany $46.87bn
Japan $46.38bn
Italy $40.69bn
Saudi Arabia $38.2bn
India $30.0bn
Gosh, I wonder how Obama can save the US economy....
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