We're #1!

U.S. Defense Spending: Still #1 : Dispatches from the Culture Wars: "And by an astonishingly huge margin. According to a new report from the International Institute for Strategic Studies, the United States spends 60% of all money spent on defense in the entire world, a whopping 4.5% of the entire GDP of the country. By comparison, China spends 2% of their GDP on defense -- but their GDP is only about 1/3 the size of ours."