KTC, that's obscene!
Romney would INCREASE it by more than 50 percent!
And let's not forget he ALSO wants to CUT TAXES...
How can ANYONE think his 'plan' is viable, let alone an improvement for Our economy & deficit problem...???
Romney’s iffy arithmetic with defense spending
By Doyle McManus
Los Angeles Times
Posted: Tuesday, Jun. 26, 2012
Here’s an issue that hasn’t been debated much in the presidential campaign but ought to be: How much should we spend on defense?
President Obama has proposed keeping the Pentagon budget essentially flat for the next 10 years. Mitt Romney, by contrast, wants to increase defense spending massively – by more than 50 percent over current levels, according to one estimate. That could mean almost $2 trillion in additional military spending over 10 years.
Romney hasn’t actually proposed a defense budget or offered any specific numbers for his military strategy. But he says he wants core defense spending to reach at least 4 percent of the nation’s gross domestic product – a big increase over the current level of about 3.2 percent. And he says the country needs about 100,000 more active-duty military personnel than the current 1.4 million, even though U.S. forces have left Iraq and have begun to withdraw from Afghanistan.
Romney’s argument is that only increased U.S. military power can guarantee world peace. “A strong America is the best deterrent to war that has ever been invented,” he told veterans in San Diego last month. He said his goal was “to preserve America as the strongest military in the world, second to none, with no comparable power anywhere in the world.”
Of course, the United States already fields the strongest military in the world; U.S. core defense spending – that is, the amount we spend on our military excluding the cost of major wars – is already greater than that of the next 10 countries combined. The real questions are: How much is enough? And in a time of shrinking budgets, how would we pay for it?
Let’s start with what’s enough. Romney’s proposal for a defense budget of at least 4 percent of GDP isn’t outlandish on its face; it’s less than Ronald Reagan spent to help end the Cold War. But the number gives military strategists fits because it’s based on an arbitrary economic benchmark, not an assessment of global threats.
The same is true of Romney’s suspiciously round number of 100,000 for additional military personnel. Where did that number come from? Romney aides won’t say, though they speak about the need for an enlarged Navy and Air Force in East Asia.
But the biggest problem with Romney’s defense numbers is that they don’t add up with the rest of his platform, which calls for decreasing federal spending overall while also lowering taxes – and, at the same time, balancing the budget.
“My administration will … make the hundreds of billions of dollars in cuts necessary to reduce spending to 20 percent of GDP by the end of my first term,” Romney said in February.
A nice trick if he could pull it off, but it flies in the face of arithmetic.
“It’s just not realistic – and that’s being generous,” said Todd Harrison, an analyst at the nonpartisan Center for Strategic and Budgetary Assessments.
Harrison crunched the numbers on Romney’s call for a 4 percent-of-GDP floor on core defense spending. Here’s what he came up with:
Using Congressional Budget Office estimates for future GDP, Romney’s plan would boost core defense spending to about $945 billion in 2021 – about 53 percent more than the $618 billion proposed in Obama’s defense plan for that year.
I asked a Romney adviser who should know: Dov S. Zakheim, who served as the Pentagon’s chief financial officer in the administration of George W. Bush. Zakheim said Romney was serious about the goal but hasn’t specified a date for reaching it – and as a result, no specific spending forecast is possible.
Romney has been careful all year to avoid being specific about what kind of spending he’d cut – presumably because he’d have to acknowledge that big budget cuts require reduced spending on Medicare, a dangerous subject to raise with older voters.
If Romney wants voters to take his promises seriously, he owes them more details, and soon.
McManus: doyle.mcmanus@latimes.com.
Read more here: http://www.charlotteobserver.com/2012/06/26/3341582/romneys-iffy-arithmetic-with-defense.html#storylink=cpy
DO SOMETHING!
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