President Bush’s military spending set a post-WWII record, an average of $635 billion per year in 2016 dollars, compared with an average of $470 billion per year throughout the Cold War. Now President Obama has done what would have seemed impossible in 2008, outspending Bush by an average of $20 billion per year. Bush’s unilateral military build-up and its continuation by Obama are unprecedented, and have paradoxically shattered the pattern of U.S. military spending established during 50 years of the Cold War, when it was justified, rightly or wrongly, by a serious military competition with the U.S.S.R.
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