U.S. Military Spending Has Almost Doubled Since 2001

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How do the oil companies pay Americans for fighting their oil wars in Libya, Iraq and Afghanistan? They pay no taxes. They pollute our oceans. They raise gasoline prices.

A new report released today by SIPRI, a Swedish-based think tank, reveals that U.S. military spending has almost doubled since 2001. The U.S. spent an astounding $698 billion on the military last year, an 81% increase over the last decade.

U.S. spending on the military last year far exceeded any other country. We spent six times more than China — the second largest spender. Overall, the world expended $1.6 trillion on the military, with the United States accounting for the lion’s share.

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