World Nuke Spending to Top $1 Trillion Per DecadeTime June 2011 | Link to original article Having contributed to the two definitive studies of U.S. nuclear weapons spending (Brooking's Atomic Audit: The Costs and Consequences of U.S. Nuclear Weapons Since 1940 and Carnegie Endowment's Nuclear Security Spending: Assessing Costs, Examining Priorities) which found that the United States incurred a cost of nearly $6 trillion on its nuclear weapons program from 1940-1996, I cast my net wider to capture the entire world's spending on nukes. The result: a massive amount of money will go down the drain over the next decade.The 8.5 nuclear weapons countries (North Korea is half-way there) are passing a new milestone this year by collectively spending approximately one hundred billion dollars on their nuclear programs. That tidy sum represents about 9 percent of their total annual military spending. |