Display:
Report: Global military spending unaffected by recession - USATODAY.com
LONDON (AP) -- The overall amount of money invested in soldiers, weapons and war has been largely unaffected by the global economic downturn, a think tank said in a report published Wednesday.

The London-based International Institute for Strategic Studies said the total amount of money spent on world defense budgets rose from $1.3 trillion to $1.55 trillion between 2006 and 2008, and likely continued to climb further in 2009.



Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Sat Feb 6th, 2010 at 09:22:23 PM EST
[ Parent ]
The military has a different concept of "bang for the buck" than do Keynesian economists.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Feb 7th, 2010 at 02:17:33 AM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series