Thursday, March 10, 2011

It's about getting a big enough bang for our buck

Here's Some interesting Facts

Canada is expected to spend more than $23 billion on the military in 2010-11, about two per cent more than it did the previous year and about 26 per cent more than it did the year the Berlin Wall came down.

Canada is the world's 13th biggest military spender and NATO's sixth biggest spender, while showing little military influence

The Afghanistan mission alone likely accounts for about half the additional $30.9 billion Canada has spent since the 2001 terror attacks.

Over the next 17 years, Canada also will spend about $85 billion on equipment, including warships and the controversial F-35 Joint Strike Fighter jets.

According to the study, by 2027 Canada likely will be spending only slightly less on defence than it is today -approximately $19.8 billion in 2010 dollars or about $31 billion adjusted for inflation.

The study estimates the recommendations of the 20-year Canada First Defence Strategy unveiled in 2008 will cost as much as $410 billion in 2010 dollars or up to $12,000 per Canadian.

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