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The United States' military expenditures today account for about 40 percent of the world total. In 2012, the US spent some $682bn on its military - an amount more than what was spent by the next 13 countries combined.
Now that the war in Iraq is over and the withdrawal of US troops from Afghanistan will be complete in 2014, the stage might therefore appear to be set for a decrease in US defence spending. Even in Washington DC, many have argued that the defence budget can be cut substantially and the resulting "peace dividend" could be diverted to more pressing domestic concerns, such as dealing with the nation's continuing economic problems.
"We need a threat," Spinney says, "Al-Qaeda has sort of run out of strength and we have to have a new threat to justify continued spending." Spinney believes that there is little chance of a peace dividend after the wars in Iraq and Afghanistan. "We are going to pivot to Asia and increase the defence budget," he says.
There are signs he could be right.
This month, President Obama released a 2014 federal budget proposal that called for $526.6bn in funding for the department of defense. It was widely expected that the defence total would be at least $50bn less.
The White House and the Pentagon chose to ignore the statutory requirement for a $50bn reduction mandated by sequestration. They apparently hope that sequestration can be overturned, and defence budget cuts already agreed to, reversed. Instead of laying the groundwork for a peace dividend by putting the Pentagon on a glide path to smaller budgets, the administration's proposal projects increases in America's base defence budget over the next five years.
They apparently hope that sequestration can be overturned, and defence budget cuts already agreed to, reversed. Instead of laying the groundwork for a peace dividend by putting the Pentagon on a glide path to smaller budgets, the administration's proposal projects increases in America's base defence budget over the next five years