he Bush administration is talking about cutting the deficit, but the first item to look at is military spending.
World military expenditures in 2005 hit a record $1.12 trillion. The Stockholm International Peace Research Institute said in its 2006 yearbook that the United States accounted for some 48% of the total. Britain, Japan and China accounted for 4% to 5% each of world spending.
Military spending increase in the U.S. is attributed to the war and to technology upgrades. The Bush administration is bankrupting our country by creating huge deficits due to military spending and making us debtors to other nations like China. We need to demand more accountability and fiscal responsibility of the Bush administration and Congress regarding this issue.