This Chart Shows How The Rest Of The World Doesn't Even Come Close To US Military Spending

Earlier this week, the Stockholm International Peace Research Institute (SIPRI) released a Fact Sheet identifying global, regional, and national trends in military expenditures.  According to the report, the United States led the world in military spending with $640 billion in 2013 alone. China is the closest nation to follow the US at $188 billion — which is less than one-third of America's overall spending.  The U.S. reduced their defense budget by 7.8 percent whereas Russia increase...