Military Spent $1 Trillion On Weapons Since 9/11

U.S. Department of Defense spent $1 trillion on contracts for delivery of weaponry in the past decade, according to a report by an independent research organization. The report came to life in the midst of heated debates in Congress over cuts in the military budget to increase budget revenues. A letter signed by 60 Democrats and 40 Republicans was sent to a congressional super-committee, signaling a possible agreement to raise more tax revenue.

US Military Spending

If an agreement is reached, the U.S. military face $1.2 trillion in budget cuts that would take effect in 2013. Republicans like Rep. Charlie Bass of New Hampshire claim they would accept a revenue increase deal depending on the quality and level of spending cuts, including spending aimed to support military and domestic programs.

Other congressmen, including Democrat Peter Welch, who is member of Democratic Party’s Progressive Caucus, went on to say that reducing military spending is not a battle of ideology but an effort to solve practical problems.

The report on the vast military spending, circulating amongst congressmen and leaked to media, states that companies like Lockheed Martin and Boeing won lucrative contracts from the military while paying multimillion dollar fines to settle federal charges on fraudulent business practices. Capitol Hill observers said that the report on $1 trillion spent by the military in the past ten years hit the headlines in a moment when both Democrats and Republicans can take advantage of the news and use it to reach agreement upon cutting spending on defense programs.

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