Monday Feb 11, 201307:42 AM GMT
‘US military budget exceeds all other countries combined ’
Mon Feb 11, 2013 7:41AM
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The military budget of the United States is more than all other nations combined despite financial problems in the country, an analyst said.

 

“It’s important to note that the budget for military affairs of the United States far exceeds any other country around the world. In fact, it exceeds all of the countries combined in regard to the level of military expenditures,” editor of Pan-African News Wire, Abayomi Azikiwe told Press TV’s U.S. Desk on Sunday.

 

The U.S. Congress has recently passed the U.S. military budget for 2013 that authorizes spending of $633 billion.

 

“If you combine the military budget of the United States with the National Security budget as represented by Homeland Security, it exceeds one trillion dollars. That of course is unsustainable,” he added.

 

This is while the United States is facing a “fiscal cliff” and public services are facing cuts and “austerity is being imposed,” Azikiwe pointed out.

 

U.S. President Barack Obama warned that looming budget cuts would damage the military's readiness and urged for a deal to avoid the massive spending reductions.

 

If Congress fails to break an impasse over spending reductions in the next few weeks, automatic cuts are due to kick in by March 1, slashing roughly $50 billion from the Pentagon's budget.

 

AGB/HJ

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