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| | U.S. Newswire : Releases : "Independent Institute Expert Calls Bush's $48B Defense Request Excessive, Pork In ... (Site not responding. Last check: 2007-10-31) |
 | | In his study, Higgs notes that in 1999, "the U.S. accounted for 36 percent of world military expenditure." By comparison, "U.S. allies Japan, France, Germany, the United Kingdom, and Italy ranked second through sixth, respectively, and as a group accounted for 26 percent. |
 | | That trend continued, as the average level of annual defense spending from 1995 through 2000 was $278 billion (dollars in 1999 purchasing power). |
 | | Founded in 1986, The Independent Institute is a non-politicized, non-profit, public policy research and education organization headquartered in Oakland, Calif. |
| releases.usnewswire.com /GetRelease.asp?id=596 (401 words) |
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