Former congressman Ron Paul has called the new US military spending plan a �recipe for disaster� that would destroy the country�s economy.

�Next year�s military spending plan keeps the US on track toward destruction of its economy at home while provoking new resentment over US interventionism overseas. It is a recipe for disaster,� Paul wrote in an article published on his website on Sunday.

The former presidential candidate also rejected claims that President Barack Obama�s military budget is less than his predecessor George W. Bush.

�While the neocons keep pushing the lie that the military budget is shrinking under the Obama administration, the opposite is true,� Paul said.

�As the CATO Institute pointed out recently, President George W. Bush�s average defense budget was $601 billion, while during the Obama administration the average has been $687 billion. This bill is just another example of this unhealthy trend,� he added.

On Friday, the House of Representatives passed a $612 billion annual military spending bill in a 269-151 vote.

The bill authorizes $523 billion in base Defense Department spending and $90 billion is included in the war fund, formally known as the Overseas Contingency Operations fund.

�Whatever our troops need to get the job done, they should get it, and the House has acted to provide just that,� House Speaker John Boehner said.



New figures compiled by the Stockholm International Peace Research Institute showed that the United States spends more on its military than the next seven top-spending countries combined.

The US spends nearly three times as much as China and its military budget is more than seven times as much as Russia.

By Press TV