President-Elect Trump Looks to Increase Military Spending

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Courtesy Tribune News Service.

The President-elect apparently believes that Making America Great Again means increasing military spending.

Mattylynn Dusharm, Staff Reporter

Donald Trump isn’t the only one who wants to improve the military, many others wish for this action to take place as well.

In the Europe and China area, for the next 10 years there will be an increase on spending for the military, amid rising feuds, and pockets of instability, according to the Report of Defense Budgets.

The Prices of Global defense has increased from 1.55 trillion to 1.57 trillion in the year of 2015, and that was a pretty big increase to happen in just one year. While, in the meantime,The principle analyst at London-based defense and security analysis firm, Craig Caffrey states,  Asian nations are growing more nervous, especially South China Sea. Fenella McGerty, who’s also a analyst at IHC believes we will have a financial crisis by the time 2018 hits.

According to the reports, the defense budget that is being held at China will increase from $123 billion to $223 billion in 2020, and if this prediction is really true that will be a dramatic change in prices. That happens to be four times What the U.K. and Russia spent combined.

Europe’s budget increased to $219 billion in the year of 2016, and Western Europe is in charge of the expense. The Economic constraints are the only reason why the amount didn’t increase with time. The Russian budget was recently cut off for the first time since 90s to price of $48 billion. Since oil prices have dramatically dropped the middle east isn’t expected to do anything about it because their region is unstable.

In the year of 2016 the price remains $622 billion, which allows the United States to be the number one Country in the defense spending, budget accounting takes up about 40 percent of the whole world, if you’re going by the recent report.

A senior analyst named, Guy Eastman states,”Investment levels going forward were to decrease by 1.1 percent in real terms, but with the election of Trump, the expectation is that both investment and readiness will receive injections of much needed funds