http://www.world-crisis.com/news/637_0_1_0_M/snip - Frida Berrigan, a senior research associate at the World Policy Institute’s Arms Trade Resource Centre, said that according to the 2005 budget, the United States will spend about 1.15 billion dollars a day, or 11,000 dollars a second on defence.
‘’In comparison, we spend half that on public education per year per child in the United States,’’ she said.
Under the Bush administration, Pentagon spending has increased more than 23 percent (in adjusted dollars). But while many Americans think that money is for the war on terrorism, that is not the case, Berrigan told IPS.
The defence allocation does not include the costs of ongoing fighting—about five billion dollars each month—in Afghanistan and Iraq.
‘’These costs are paid through emergency supplementals. So far, the U.S. Congress has signed off on 190 billion dollars in supplemental spending for war and occupation in Iraq and Afghanistan,’’ she added.