Massive US War Spending Hike Raises Debt, Taxes, Doubts

By Jomo Kwame Sundaram and Kuhaneetha Bai Kalaicelvan

KUALA LUMPUR, Malaysia, Feb 27 2026 (IPS) – As US President Donald Trump pushes the world to war, arms spending has been rising worldwide. Wars secure more budgetary allocations, mainly benefiting the US-dominated military-industrial complex.

US military spending increases

After bombing Venezuela, the Trump administration raised its war budget from $1.0 trillion, 47% of discretionary government spending in 2024, to $1.5 trillion!

In 2024, the US accounted for over 36% of the world’s military spending of $2.7 trillion! This exceeded the total expenditure of the next nine biggest spenders – China, Russia, Germany, India, UK, Saudi Arabia, Ukraine, France, and Japan!

China’s military budget for 2025 was $250-300 billion. Most others are US allies who have pledged to increase war spending from under 2% of GDP to 5%!

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US-Israel Aggression On Iran: Loop Of War And Resistance Will Continue

1 March 2026, Published at: ETV Bharat | By Anuhadra Chenoy, IPB Board Member

The US-Israel axis started an unprovoked war and aggression against Iran. Iran’s supreme leader, Ayatollah Ali Khamenei and Defence Minister, Army Chief have been killed, as have been scores of civilians, including over 150 schoolgirls. The US – Israel combined operation using high-precision weapons costing millions of dollars and kamikaze drones continues to target the Iranian leadership with the objective of regime change. Iran has retaliated by bombing US bases and Israel in the fragile oil-rich Gulf region. This war of attrition escalates, lives are lost, destruction and wanton devastation underscore strategic objectives of the empire and its desire for global hegemony. Globally, countries are appealing for cease fire and de-escalation.

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Save the dates for GDAMS 2026:April 10 to May 9

From Gaza, Sudan and the Democratic Republic of Congo, to Ukraine, Venezuela and Iran, levels of violence, civilian suffering, and violations of international law have reached heinous heights, including the perpetration of genocide.

This surge in conflict is not accidental or inescapable, it reflects a broader resurgence of imperialism and militarization, spearheaded by the US, in which brute force, military might and coercion have become dominant tools of international relations. Powerful states and regional actors continue to wage and fuel wars – not only through direct intervention but also through extensive arms transfers, strategic alliances and geopolitical competition – prioritizing narrow interests over human security and peace.

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PSPD Statement: We Strongly Condemn Israel and the United States for Their Crime of Aggression Against Iran

1 March, 2026 | People’s Solidarity for Participatory Democracy (PSPD)

Yesterday (February 28, local time), the regime of Benjamin Netanyahu in Israel and the administration of Donald Trump in the US launched an attack on Iran. This military assault, which President Trump himself defined as “major combat operations,” is an unlawful act that cannot be justified under any circumstances and constitutes a crime of aggression under international law. We strongly condemn Israel and the United States for carrying out this action. Israel and the United States must immediately halt their illegal act of aggression against a sovereign state.

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L’IPB condamne les attaques américaines et israéliennes contre l’Iranet appelle à un retour immédiat à la table des négociations

28 Février 2026

Le Bureau International de la Paix (IPB) condamne fermement les attaques américaines et israéliennes contre l’Iran et les projets annoncés d’une « opération de plusieurs jours ». Les frappes contre l’Iran, qui auraient pour objectif un changement de régime par la décapitation de l’élite politique du pays – y compris des attaques contre des complexes militaires et des ministères –, constituent une grave violation du droit international et rappellent la guerre désastreuse menée par les États-Unis il y a vingt ans en Irak. Nous restons profondément préoccupés par l’escalade de la crise, alors que l’Iran riposte et que de nouvelles actions militaires américaines et israéliennes sont en préparation.

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METO Statement on US-Israel Military Strikes on Iran

Date: 28 February 2026

Today’s attack, conducted by U.S. President Donald Trump, alongside Israel’s Prime Minister Benjamin Netanyahu, against Iran marks a dangerous turning point for the Middle East and for the international order itself.

This is not merely another episode of regional confrontation. It is a direct blow to the fragile architecture of international law. The use of force outside the framework of the United Nations Charter erodes the very rules designed to prevent war and human destruction.

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IPB Condemns US and Israeli Attacks on Iran Calls for an Immediate Return to Negotiations

28 February 2026

The International Peace Bureau (IPB) strongly condemns the US and Israeli attacks on Iran and the reported plans for a “multi-day operation”. The strikes on Iran, which are reportedly aimed at regime change through the decapitation of the political elite of the country – including attacks on military compounds and ministries – constitute a grave violation of international law and are reminiscent of the US’ disastrous war two decades ago in Iraq. We remain deeply concerned with the escalation of the crisis as Iran retaliates and more US and Israeli military actions are pending.

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‘You cannot tax poverty, you cannot extort the desperate.’

The Pamoja kwa Amani Coalition expresses its profound indignation and deep concern over the escalating economic oppression imposed on civilian populations by the AFC-M23 rebel movement in the areas under its de facto administration.

Since the start of the aggression, the cities of Bukavu and Goma, along with their surrounding areas, have experienced a complete breakdown of their economies:

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Four years later – Ukraine: Europe trapped in the logic of rearmament

We have therefore reached the point of celebrating the transition from the fourth to the fifth year of war in Ukraine, with the weariness of a ritual that hides a tragedy, the war, which sees no end, and which should have been avoided. Four years that have changed Europe, exposing the weaknesses, and limitations of a Union of states still tied to a nation-state vision when the challenges of the 21st century are global: the environment, demographics, rights, security. The limitations of supranational organisations and authorities have their roots in that nineteenth-century vision that fits well with the constant need to identify an enemy, invoke national security to justify the arms race, the inevitability of war, and, in the meantime, reduce freedoms, rights, and repress protest.

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Ukraine needs peace! Stop the bloodshed!

The war in Ukraine is entering its fifth year. Since Russia invaded the country in violation of international law, death and destruction have reigned. NATO’s confrontational policies and its long-standing refusal to seek a lasting and peaceful solution through diplomatic channels have contributed to the loss of so many lives.

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