You'd think we were fighting the Nazis again...

If the world economy didn't tank, they'd have spent more...

Global Military Spending Hits High But Growth Slows

Worldwide military spending edged up in 2010 to a record $1.6 trillion, a leading think-tank said on Monday.

Global spending rose 1.3 percent in real terms, a slowdown from 5.9 percent the year before as the economic downturn caused by the 2008 financial crisis hit military spending, the Stockholm International Peace Research Institute said.

Link:
http://www.huffingtonpost.com/2011/04/10/global-military-spending-_n_847257.html