Instant Alert: The US spent $611 billion on its military in 2016 — more than the next 8 countries combined

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   The US spent $611 billion on its military in 2016 — more than the next 8 countries combined by Emmanuel Ocbazghi on May 1, 2017, 10:30 AM According to 2016 estimates gathered by the Stockholm International Peace Research Institute, the United States was responsible for 36% of the entire world's military spending. Even so, President Trump is calling for a $54 billion increase in US military spending which he says is needed to "rebuild the military." In order to pay for this, Trump is also calling for a $54 billion cut in other parts of the federal budget.   Share the latest business news with your network:    Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011