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US military spending is up by only 10-15% compared to pre-COVID levels.
by badpun 2y ago
US military spending is up by only 10-15% compared to pre-COVID levels.
- harambae 2y agoTotal military spending in 2019 was approximately $746 billion (including the DoD, nuclear weapons spending under the DoE, and other defense-related activities). The projected defense spending for 2024 is around $891 billion. So roughly 19.4% in total defense spending over that five-year period. Which is not chump change, considering how high it was before.
- colechristensen 2y agoThat 19.4% increase is very near to the inflation between 2019 and 2024.