ANALYSIS — The $1 trillion American defense budget is in sight.
The U.S. government will spend that much on defense soon — maybe within just a couple of years, if recent trends continue.
The U.S. government is spending just 3 percent of America’s gross domestic product on defense, Pentagon Comptroller Mike McCord told reporters Monday — about half the share of U.S. wealth that the military got during the Reagan presidency and a far cry from the roughly one-third of GDP expended on defense during World War II.
