Us_Defense_Budget

Us Defense Budget This year, as a result of the terrorist attacks of September 11, 2001, President Bush and the Bush administration have proposed that the United States congress allow for a $379 billion defense budget for the coming fiscal year. Upon being granted, this request constitutes a $48 billion increase in the nation’s budget. Thus, marking this increase in funds the biggest since 1966. (Roughly fourteen percent.) And, not only is the committee requesting a defense increase, but they are also pursuing a growth in the Pentagon’s budget, equaling $120 billion over the next five years. If this is granted, The Pentagon’s annual budget will reach $451.4 billion in 2007. Comprised of 1,000 of the world’s leading corporations, an assembly known as the World Economic Forum offered a gesture of solidarity with the victims of the attacks. They did so by relocating their annual congregation, which is normally held in Switzerland, to New York. This organization strives to improve the state of the world. Independent from and unaffiliated with any national or political interests, this non-partisan group moves to further the economic growth and social progress of the world. Based out of Geneva, Switzerland, defense, billion, year, budget, world, last, increase, war, global, forum, cost, years, social, range, over, military, bush, being, annual, year’s, within, wef, vehicles, switzerland, spending, raises, proposed, programs, point, pentagon’s, pay, organization, number, new, million