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A New Record is Set for Military Spending     : Information Clearing House

A New Record is Set for Military Spending     : Information Clearing House
April 23, 2012 "Information Clearing House" --- On April 17, 2012, as millions of Americans were filing their income tax returns, the highly-respected Stockholm International Peace Research Institute (SIPRI) released its latest study of world military spending. In case Americans were wondering where most of their tax money — and the tax money of other nations — went in the previous year, the answer from SIPRI was clear: to war and preparations for war.

World military spending reached a record $1,738 billion in 2011 — an increase of $138 billion over the previous year. The United States accounted for 41 percent of that, or $711 billion.

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