The U.S. military budget comprises over 44 percent of the entire world’s military spending, reports the Washington-based Center for Arms Control and Non-Proliferation (Laicie Olson, “U.S. vs. Global Defense Spending,” 21 May 2010). The Center calculates that worldwide military spending totalled US$1.57 trillion in 2008, the latest year for which global numbers are available, and […]