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As of 2021, the US spending on military defence was 3.5% of its GDP. The United States Navy s 2024 budget request includes $253 billion worth of funding, $67.3 billion of which is earmarked for procuring.
The U.S. Army bus that carried international journalists covering the Military Armistice Commission (MAC) meeting between the U.N. Command (UNC) and North Korean officers at the Panmunjeom truce village unloaded us at Gwanghwamun intersection in the very center of Seoul, one afternoon in February 1968. Leaving the group, I walked up to The Korea Times building a few blocks away to write a story of the day s debate in the MAC conference room exchanged by the two adversaries of the 1950-53 Korean War that had ended a decade and a half earlier.