Our Overruns Kick China's Ass
That $296 billion in cost overruns is so staggering that I wanted to put it in some perspective. There is no single country whose entire military costs even close to what the US has wasted to date on big-ticket weapons programs. To wit:
(Foreign defense budget totals are for 2008)
That's right: China, which was the world's single second-biggest defense spender in 2008 after the US and supposedly such an existential threat that it justified the purchase of obsolete and exorbitant weapons programs, spends less than a third of what the Pentagon is wasting.
In fact, the amount the US is wasting on weapons exceeds the GDPs of some sizeable countries, including:
Research credit: Taylor Wiles
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