Journalists and pundits regularly refer to U.S. defense spending as greater than the next seven or eight countries. Nonsense! U.S. defense spending when correctly tabulated exceeds the defense spending of the rest of the global community. Current defense spending is greater than $1 trillion and the bipartisan support for U.S defense spending assures continued increases. Many of the largest spenders on defense, moreover, are our treaty allies. More
Source: The Great Cost and Myth of U.S. Defense Spending – CounterPunch.org