[crocodile tears] China Rips $770 Billion U.S. Defense Bill as 'Political Manipulation'

[SuvarnaTeja]

Keep crying

The US is not even close to spending what it was in the 1980s as a percentage of GDP on defense. The US could comfortably spend another $500-600B on defense. IMO, the US should be spending at least $1T.

US is losing this game.

China has more room to increase the defense budget as a percent of GDP than the US.

Even though

in nominal terms 1 USD = 6.37 Chinese Yuan

in PPP terms 1 USD = 4.186 Chinese Yuan

So Chinese defense budget of $252.3 is in fact $384 Billion in PPP terms

Currently US Defense budget $770 Billion is 3.4% of US GDP ($22.6Trillions)

While China's $384 Billion is only 1.4% of Chinese GDP ( $26.6 Trillion)

If China increase her defense budget to 3.4% to match that of the US, Chinese defense budget would be $906 Billion while US is only $770 Billion

 

[StraightEdge]

US spends much more than that on defence. A good article on this -
US Military Budget: Components, Challenges, Growth (thebalance.com)

They waste a ton of money in various programs which has absolutely zero return. Example -
$46 Billion Worth of Cancelled Programs | Military.com

On top there's is tons of corruption.
Exclusive: The Pentagon’s Massive Accounting Fraud Exposed | The Nation
U.S. Army fudged its accounts by trillions of dollars, auditor finds | Reuters