Military Budget Lowest % GDP Since WW2

Really. The Chinese character for "crisis" is comprised of the calligraphy for "danger" and "opportunity." That's probably what USAF General Michael Wynne had in mind when he told a House Armed Services Committee that China had become "awesome investors," and that "...we need to work with them, because I would not like to be their opponent."

Reviewing the USAF $111 billion FY 2008 budget request, the officers and congressmen contemplated the 14.7% increase in Chinese defense spending in 2006.

General Michael Moseley, USAF chief of staff, said, "I would say it may be time for discussion about percentage of GDP on defense budgets," adding that the US percentage is at its lowest point, at 3.8%, since World War two.



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