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Belle of the Ranch

Let's talk about near peer defense spending projections....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 9 March 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

Let's talk about near peer defense spending projections....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there internet people, it's Bow again. So today we are going to talk about

0:06.6

China and the United States and numbers that came out that were supposed to give us some

0:11.5

insight into what was going to happen that kind of didn't.

0:15.4

They didn't really provide a lot of insight because there's still two ways the politicians in the United States can play it.

0:25.6

In a recent video we talked about how the United States might be gearing up for a jog. You had people in the Senate, specifically Mitch McConnell, talk

0:36.5

about US defense spending and talking about maybe needing to increase it and

0:40.9

we talked about the term pacing and how that was going to come up.

0:45.9

One of the big concerns was the Chinese defense budget.

0:52.0

What China was going to spend because U.S. politicians would use

0:55.3

that as a justification to spend more or well not going to spend less but use it as a justification to spend more.

1:05.0

China's numbers came out.

1:07.0

7.2% increase.

1:10.0

That sounds like a lot, it's really not.

1:12.0

That keeps it on par with all of the other

1:16.0

numbers that have historically existed. It's it's enough to cover like inflation and a little bit of modernization.

1:25.0

It's not a huge increase.

1:28.0

Probably shouldn't be enough to trigger a massive U.S. which is which is our concern at this point as we

1:36.3

move into a near-peer contest we don't want an arms race arms races are bad

1:48.2

so Arms races are bad. So this increase brings Chinese defense spending up to about $230 billion a year. Compare that to the United States at about 800 billion dollars a year.

1:55.6

It is worth remembering US doctrine since World War II.

1:58.6

The idea is to be able to fight our two largest competitor countries at the same time.

2:04.6

That's why US defense spending is so much.

...

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