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September 4, 2014

The U.S. needs to get serious about its defense spending

In the run-up to the North Atlantic Treaty Organization summit, much has been made of the fact that the United States is one of just a handful of the 28 member states that spends more than 2 percent of its gross domestic product on defense — along with Britain, Estonia and Greece, and the latter qualifies only because its GDP has collapsed even faster than its military budget.

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