China's Defence budget double of India's

[Mani2020]

thats because saudi is using oil money to buy them, not via tax collections or loans

No, Thats because Saudia is spending 11.4% of there GDP in defence budget , which is quite a higher percentage when compared to other countries

 

[Ryuu]

usa doesn't need to spend 600-700 billion on defence

they could atleast decrease credit

 

[soul hacker]

Completely agree their defence spending is much more than they claim but iitne bade budget ka karte kya hai (cause you don't need such a big budget to buy cheap weapons)lol.

who told you that is cheap

 

[Protectionist Gareth]

No one really knows what is the exact amount that a country has in its pocket to spend on defence,who knows which country hides what!

 

[Mani2020]

usa doesn't need to spend 600-700 billion on defence

they could atleast decrease credit

The kind of military they have , they can't afford to decrease there defence budget by a big margin , look at their airforce only they are operating the most expensive aircrafts on the face of this earth , billions are spend just to maintain their fleet in the lights of B-2, F-22 raptor etc etc Reducing their defence budget means not only reducing their current military inventory but also holding on current running projects which are too many currently. They have done so with few projects but they can't afford to hold all of them .

The more simpler way for them to pay their debt is evacuate Afghanistan and Iraq by doing so they will get rid of billions of dollars being spend on wars which have no end or result ,They should hand over the countries and other headaches to the respective militaries, that will be more rational

 

[harpoon]

Chinese defense budget is not transparent. They may be spending more than what they are showing the world.

 

[lem34]

So sad so much being spent on weapons to kill by so many countries

 

[Ryuu]

The kind of military they have , they can't afford to decrease there defence budget by a big margin , look at their airforce only they are operating the most expensive aircrafts on the face of this earth , billions are spend just to maintain their fleet in the lights of B-2, F-22 raptor etc etc Reducing their defence budget means not only reducing their current military inventory but also holding on current running projects which are too many currently. They have done so with few projects but they can't afford to hold all of them .

The more simpler way for them to pay their debt is evacuate Afghanistan and Iraq by doing so they will get rid of billions of dollars being spend on wars which have no end or result ,They should hand over the countries and other headaches to the respective militaries, that will be more rational

That won't do

they need trillions not billions,on other decreasing defence to half.

say 300 for defence and 50 billion for nasa this would be enough for maintenance and funding only important projects atleast for now,they would only wage war agains't weak countries Like Libiya f-15,f-16s will do

 

[vinith98]

Whats new ? And its is probably more than double.

 

[Mani2020]

That won't do

they need trillions not billions,on other decreasing defence to half.

say 300 for defence and 50 billion for nasa this would be enough for maintenance and funding only important projects atleast for now,they would only wage war agains't weak countries Like Libiya f-15,f-16s will do

Dont forget that they have also to maintain the status of superpower for that they need to continuously dwell as a military might .The last thing they need is other countries catching up with their defence budget and innovation , The evacuation from Iraq and Afghanistan will be more feasible option any day

 

[perplexed]

countries are still happy to fund american debt. bond yields haven't moved at all. Just because some random rating by some agency got reduced doesnot mean that overnight that country became a laggard or failed economy. If they just pack their bags from afganisthan or Iraq then they would surely loose their world power status overnight. The American prestige would be hurt which I think will be more expensive to gain back then the $$ they would save by exiting.
In long term they may be heading for complete breakdown with rising debts but every soul on this planet believe that americans won't default in near/intermediate term. So, no need for a knee jerk reaction.

 

[lem34]

countries are still happy to fund american debt. bond yields haven't moved at all. Just because some random rating by some agency got reduced doesnot mean that overnight that country became a laggard or failed economy. If they just pack their bags from afganisthan or Iraq then they would surely loose their world power status overnight. The American prestige would be hurt which I think will be more expensive to gain back then the $$ they would save by exiting.
In long term they may be heading for complete breakdown with rising debts but every soul on this planet believe that americans won't default in near/intermediate term. So, no need for a knee jerk reaction.

No knowledgable person expected US to go down the tubes overnight. We are at the start of the end for the US and it will take a few years for governments to move their holdings out of dollars. For example if the chinese decided to dump their dollar holdings by the time they got rid of 5% of their holdings the dollar would be worthless and their 95% holdings would be worth 0. Therefore the chinese and others will do it gradually. Talk to any stockbroker they will tell you that to get rid of a fiancial instrument in large size takes time patience and strategy to get a good price.

 

[ChineseTiger1986]

even in % terms China is spending more than us. According to an estimate by some american think tank , they are spending somewhere around $120bn which is 4 times our spending with economy being 3 times larger than us. Hence proportionally more than our budget.

Our economy was nearly 6 trillion USD last year, so it is roughly 4 times the size of the Indian economy.

So even 120 billion USD isn't much larger in percentage.

 

[perplexed]

No knowledgable person expected US to go down the tubes overnight. We are at the start of the end for the US and it will take a few years for governments to move their holdings out of dollars. For example if the chinese decided to dump their dollar holdings by the time they got rid of 5% of their holdings the dollar would be worthless and their 95% holdings would be worth 0. Therefore the chinese and others will do it gradually. Talk to any stockbroker they will tell you that to get rid of a fiancial instrument in large size takes time patience and strategy to get a good price.

True ! But your argument starts with the premise that alternatives exists in first place. ie. its a matter of time before which the transfer takes place hence your conclusion that it is the beginning of the end.
With no alternative option with guaranteed returns, it is far from your "beginning of end ".
A more pragmatic interpretation would be a series of shakeups followed by waves reaching the shores of Asian/EU economies.
In case the debt situation worsens furthur then we may call it beginning of end.

 

[Mr.Wick]

You cannot still predict what is the actual defence budget of China it could even be greater than your dreams or might be lesser than for you to actually believe..

The PRC is not a democratic country so any data given by the Leaders could well be false and misguiding.....

Besides India's major concerns are economic reforms so they are paying more attention on development once the desired developmental rate is achieved and maintained for a period of time, India is definitely going to pay more attention to its armed forces thereafter...