I honestly thought it was already over $1T annually.
However, I still remained pretty worried about shipbuilding capacity, at least until the situation over Taiwan can be resolved. If there ever is a large conflict that causes loss in any significant amount in ships it will be very, very difficult to replace. The current shipyards have orders beyond what they can produce, but even more significantly there is a severe shortage in labor that can even build ships.
Also the comparisons he makes I strongly feel are quite poor. There is a large difference in the budgets of various countries in defense spending. Its really hard to argue that the US and France should spend in similar amounts due to size, population, and commitments. And the cost for manufacturing and paying salaries in the US is quite different than what China can do. So the US will always have to spend the more, though we do still in other measures such as a per capita basis its not as extreme as its made out to be.
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I honestly thought it was already over $1T annually.
However, I still remained pretty worried about shipbuilding capacity, at least until the situation over Taiwan can be resolved. If there ever is a large conflict that causes loss in any significant amount in ships it will be very, very difficult to replace. The current shipyards have orders beyond what they can produce, but even more significantly there is a severe shortage in labor that can even build ships.
Also the comparisons he makes I strongly feel are quite poor. There is a large difference in the budgets of various countries in defense spending. Its really hard to argue that the US and France should spend in similar amounts due to size, population, and commitments. And the cost for manufacturing and paying salaries in the US is quite different than what China can do. So the US will always have to spend the more, though we do still in other measures such as a per capita basis its not as extreme as its made out to be.