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http://story.news.yahoo.com/news?tmpl=story&cid=615&e=3&u=/nm/20050520/pl_nm/arms_china_usa_dc>
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China's defense spending has more than doubled over the past six years," almost catching up with Britain and Japan, said Kent Crane, the RAND study's lead author. "Although the rate of increase has slowed, by 2025 China will be spending more on defense than any of our allies."
James Mulvenon, an analyst who contributed to the report before leaving RAND to join another consulting group, said the U.S. government had been using a lot of "wild-assed guesses" about Chinese military spending rather than digging into original source material.
"Basically, we're correcting a lot of U.S. government estimates that weren't based on empirical fact," said Mulvenon, now at the Center for Intelligence Research and Analysis, a Washington-based group that consults for U.S. intelligence agencies.
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Wild-assed guesses? I can make wild-assed guesses. Where the hell do the billions in the intelligence budget go? Is it any wonder why no one outside of the US believes anything that comes from our 'intelligence community'.