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Monday, November 20, 2017

Defense spending

US to Spend $1.2 Trillion to Modernize, Maintain Nuclear Forces

March 3, 2002 file photo shows a member of the public watching a US Air Force B 52 bomber arriving at RAF Fairford in western England. Pushing his vision of a nuclear weapons-free world, President Barack Obama returned to Prague on Thursday, April 8, 2010 to sign a pivotal treaty aimed at sharply paring U.S. and Russian arsenals — and repairing soured relations between the nations. With that, they will commit their nations to slash the number of strategic nuclear warheads by one-third and more than halve the number of missiles, submarines and bombers carrying them, pending ratification by their legislatures. The new treaty will shrink those warheads to 1,550 over seven years. That still allows for mutual destruction several times over. But it will send a strong signal that Russia and the U.S., which between them own more than 90 percent of the world's nuclear weapons, are serious about disarmament.
The United States will need to spend more than $1.2 trillion over the next 30 years to follow through with plans to modernize and manage its nuclear deterrent, the Congressional Budget Office (CBO) said in an estimate released on Monday.
WASHINGTON (Sputnik) — Other expenses include operational costs for command, control and early warning systems, as well as maintaining a network of US national nuclear laboratories, the release explained.
"The Obama Administration’s 2017 plans for nuclear forces would cost about $1.2 trillion (in 2017 dollars) over the 2017–2046 period," CBO said. "About $400 billion of that total would pay for modernization."
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