The World Pays More than $1 Trillion for Defense Defense spending around the globe is up just 1%, but that incremental increase adds up to a lot—$1.7 trillion with a “T”, according to the Stockholm International Peace Research Institute (Sipri).  The U.S. reduced spending by 2.4%, yet it still far out paces the rest of the world. In 2015, it shelled out $596 billion. With investments of $215 billion in defense, an increase of 7.4% over the prior year, China vaulted ...

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