So much for the Russian threat: Putin slashes defense spending while Trump plans
So much for the Russian threat: Putin slashes defense spending while Trump plans massive buildup
By DANIELLE RYAN
Despite Western paranoia, Russia’s defense budget is about one-tenth of America’s — with huge cutbacks ahead
Russia, led by supervillain Vladimir Putin, intent on the domination and destruction of the Western world, has just slashed its defense budget — and no one really noticed.
Figures from the Russian Federal Treasury show that the defense budget has been cut by 25.5 percent for 2017, falling from 3.8 trillion rubles to 2.8 trillion rubles. IHS Jane’s, one of the most authoritative sources on defense news, said the move represents “the largest cut to military expenditure in the country since the early 1990s.”
Let’s put this in context before we move on: The cuts come after significant military budget increases in recent years (averaging about 19.8 percent a year since 2011) as Putin sought to revamp the Russian military and replace a massive chunk of Soviet-era hardware by 2020.
There’s also some quibbling going on over the figures used by Jane’s. Some experts believe the cut is more like 7 percent when the impact of debt repayment to defense industry firms is taken into account.
Either way, the Russian defense budget is being cut — and not insignificantly — at a time when we’re being told Moscow is a grave threat to peace-loving people everywhere….
Read more:Dragonfli, Salemcourt, Pastiche and 22 othershypergrove, 3FingerBrown, dreamnightwind, bbgrunt, Major Hogwash, PADemD, RadicleFantast, A little weird, beemerphill, Jefferson23, mmonk, Mom Cat, tokenlib, gordyfl, azurnoir, bemildred, Pam, id-entity, Grateful Curd, ozoneman, arendt, OzoneTom like this
Green Party Annual National Meeting Newark NJ July 13-16
News & Views: ConsortiumNews TheIntercept TheRealNewsNetwork FAIR TheRingofFireNetwork Alternet DavidSirota TheYoungTurks AntiWar.com ThomHartmann JimmyDoreShow LeeCamp TheNation Propublica LaProgressive DemocracyNow! ProgressiveArmy TruthOut CounterPropa ThinkProgress
You must be logged in to reply to this topic.