October 23, 2012, 11:18 a.m.
...But the thing Obama (click here) said that seemed to resonate most across the Twitter verse was an observation about the sheer magnitude of the defense budget. "We spend more on our military than the next 10 countries combined; China, Russia, France, the United Kingdom, you name it. The next 10," Obama said.
That's true, but it also understates the case. The Peter G. Peterson Foundation, an advocacy group for a more fiscally responsible federal budget, noted Tuesday that the United States spends more than the next 13 countries combined. The chart above tells that story at a glance....
