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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (200404)7/20/2023 9:56:49 AM
From: ggersh  Read Replies (3) | Respond to of 217974
 
It's not fair that China only spends $229 billion while
the corrupt country spends $759 billion on defense

This is one ugly picture

What an arb opportunity though

jamestown.org

executivegov.com

The Biden administration proposed a defense department budget to Congress amounting to 759 billion dollars. The $715 billion will be allocated to the air force, Navy, Marines, and the whole Department of Defense (DoD). This also includes the defense spending budget for Overseas Contingency Operations (OCO).

2022 Defense Department budget rose to 1.6 percent compared to the previous fiscal year with a $703.7 billion military budget.

According to the statement by Defense Secretary Lloyd J. Austin III, the goal of the budget request for the fiscal year 2022 is to end the war that threatens global and national security. Aside from the rising military challenges they face from China and Russian aggression, the defense spending budget request will also be used for innovating solutions for the worsening climate crisis and the COVID-19 pandemic.