Time to Cut Global Military Spending
Last week my staff and I were in New York to prepare for my company’s annual UN Week events. After a couple of meetings with vendors and as we were leaving the UN, we passed an exhibit on weapons of mass destruction.
Did you know that annual global military expenditures are $1.7 trillion? In the United States alone military spending is projected to account for 54 percent of all federal discretionary spending, a total of $598.5 billion. However, the US government only spends $65 and $66 billion on veterans’ benefits and Medicare/health care for all Americans, respectively, or just six percent of spending.
The Republicans are trying desperately to kill off Obamacare because they feel it costs too much. No, I would say ongoing wars and conflicts cost too much. We need to reorganize our priorities as a country.
“The world is over-armed and peace is underfunded.” Ban Ki-Moon