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Context of 'September 12, 2001-2008: US Military Budget Soars in Years after 9/11'

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In 2001, the US military budget is $293 billion a year. This is more than the combined budget of the next 15 largest militaries in the world. The US budget grows steadily in the years after 9/11, rising 40 percent to $427 billion in 2006. In 2008, it rises still further to $647 billion. This is considered about the same as what all the other countries of the world combined spend on military expenditures. [Rashid, 2008, pp. l]

Entity Tags: US Military

Timeline Tags: Complete 911 Timeline

US Representative David Obey, a senior Democrat on the House Appropriations Committee, proposes to reduce President Bush’s recent tax cuts for the roughly 200,000 Americans who earn more than $1 million a year in order to help offset the $1.5 billion cut in Bush’s military construction budget. By reducing the tax break from $88,300 to $83,500 the government would be able to restore $1 billion to the budget. But the Republican majority on the construction appropriations panel immediately shoots down Obey’s proposal. [Army Times, 6/30/2003]

Entity Tags: David Obey, George W. Bush

Timeline Tags: US Military, Treatment of US troops, Iraq under US Occupation

According to the Stockholm International Peace Research Institute, US military spending reaches $478.2 billion, or 48 percent of total military spending worldwide. [Stockholm International Peace Research Institute, 2006]

Entity Tags: United States

Timeline Tags: US Military

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