Interestingly he goes on to complain about our "allies" not spending enough on arms. Ingrates that they are, they seemingly don't want to be part of the killing machine that America is.
http://news.yahoo.com/s/ap/20061216/ap_on_go_ca_st_pe/bush_rumsfeld_9"Ours is a world of unstable dictators, weapon proliferators and rogue regimes, and each of these enemies seeks out our vulnerabilities," he said. "Ours is also a world of many friends and allies, but sadly, realistically, friends and allies with declining defense investment and declining capabilities and, I would add, as a result, with increasing vulnerabilities. All of which requires that the United States of America invest more."
http://en.wikipedia.org/wiki/Arms_tradeTop 5 arms exporters in 2004 Country
Current US dollars 1990 US dollars
United States $89,500,000,000 $5,400,000,000
Russia $4,600,000,000 $6,200,000,000
France $4,400,000,000 $2,100,000,000
United Kingdom $1,900,000,000 $985,000,000
China $700,000,000 $125,000,000
% of World Arms Exported by Region Region
1984 1994 2004
North America 25.0% 57.2% 63.2%
Western Europe 26.5% 26.3% --
Eastern Europe 39.3% 8.6% --
Europe -- -- 30.5%