The title refers to the 26th President of the United States. You know the guy with the line about the big stick.
I was thinking about this while reading a report on the Jane’s Defence server. It seems that the US defense budget was 46% of global military spending in 2003. It’s is expected to equal the rest of the world’s combined expenditure in 2006.
I wonder about these totals. The numbers from this page from 2003 indicate that the US defense budget was 49% of the global total even back then. This page at GlobalSecurity.org pretty much agrees with that, even though some of the figures are different. It wouldn’t surprise me in the least to find out that we’ve passed the halfway mark already.
There are a few observations that I can make about all of this. One is that all of this money that America is spending isn’t directly tied into present military capability. The US leads the world in R&D spending, including military technology. (The US accounted for 89% of all R&D dollars in 2003. It may have changed since then.) A significant amount of this cash is going towards projects to ensure that a future belligerent will have little chance to destroy the US, even if the present rosy economic climate dissolves in the future.