Price tag of the ‘war on terror’ will top $6 trillion soon

https://www.militarytimes.com/news/pentagon-congress/2018/11/14/price-tag-of-the-war-on-terror-will-top-6-trillion-soon/ The price tag of the ongoing “war on terror” in the Middle East will likely top $6 trillion next year, and will reach $7 trillion if the conflicts continue into the early 2020s, according to a new report out Wednesday. The annual Costs of War project report, from the Watson Institute for International and Public Affairs at Brown …

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11% increase in Pentagon’s budget

For starters, it’s about an $80 billion increase in the Pentagon’s budget from 2017 to 2019. In real terms, that’s about 11 percent — a larger two-year increase than the DoD received during the height of the Reagan military buildup in the mid-1980s. To put this massive increase in perspective, here are a few other …

France proposes big military spending increase

France unveiled Thursday a draft of its 2019-2025 military budget plan, setting €295 billion (U.S. $361 billion) on spending, which included better barracks, larger orders of Army armored vehicles, and studies on next-generation nuclear submarines and airborne nuclear missiles. That spending plan compares to €190 billion in the present 2014-2018 budget law. The Armed Forces …