The US military budget is US$700 billion which is equal to the next 20 biggest spending nations combined and equivalent in size to the total economic output of The Netherlands.
And despite the fact that France, Portugal and several others are already struggling to meet that cap, even after raising taxes and slashing spending, nations like Germany and Finland remain committed to austerity.
The United States already spends on defense what the next nine highest spending nations do combined, with no major threats even justifying the already bloated $640 billion.
Incredibly, although the U.S. constitutes only 5% of the world's population, America boasts almost 50% of the world's total military expenditure, spending more on the military than the next 19 biggest spending nations combined.
We need you because in 2009, US healthcare expenditures rose to 2.5 trillion dollars, representing almost 18% of the nations' spending that year, and marking the largest yearly increase in health care spending this nation has ever seen.
He has since turned into a standard-issue autocrat — hoarding power, stifling dissent, spending the nation's oil wealth on political support.
Consumer spending is the measure of all spending a nation's consumers make on good and services during the year.
Billions of American and British taxpayers' money was spent on "nation building" in Iraq with unimpressive results as the "new order" remained highly contested.
