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Thu May 10, 2012, 04:55 PM

Romney Will Increase Military Spending By $2.1 Trillion With No Plan To Pay For It

Source: ThinkProgress

Mitt Romney is campaigning for president on fiscal responsibility. “The mission to restore America begins with getting our fiscal house in order,” he says. At the same time, the presumptive GOP nominee says he wants to increase military spending. His campaign website claims that a President Romney will peg the Pentagon’s budget to Gross Domestic Product “at a floor of 4 percent of GDP.” What will that mean in dollars? CNNMoney reports that under Romney’s plan, “the additional spending really piles up in future years”:

With the Pentagon’s base budget — which does not include war costs — forecast to hit 3.5% of GDP in 2013, a jump to 4% would mean an increase of around $100 billion dollars in defense spending in 2013.

Compared to the Pentagon’s current budget, Romney’s plan would lead to $2.1 trillion in additional spending over the next ten years, according to an analysis conducted for CNNMoney by Travis Sharp, a budget expert at the Center for a New American Security.

And that number assumes a gradual increase to 4% of GDP. The additional spending would hit $2.3 trillion over a decade if the Pentagon’s budget were to immediately jump to 4% of GDP.


Read more: http://thinkprogress.org/security/2012/05/10/481764/romney-military-spending-2-trillion/

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Reply Romney Will Increase Military Spending By $2.1 Trillion With No Plan To Pay For It (Original post)
Galraedia May 2012 OP
truthisfreedom May 2012 #1
Kalidurga May 2012 #3
Vidar May 2012 #6
BadgerKid May 2012 #10
sakabatou May 2012 #17
OmahaBlueDog May 2012 #2
Iliyah May 2012 #4
Angry Dragon May 2012 #5
JackRiddler May 2012 #7
patrice May 2012 #8
tclambert May 2012 #9
cbrer May 2012 #11
smirkymonkey May 2012 #12
newspeak May 2012 #13
goclark May 2012 #15
MatthewStLouis May 2012 #14
LongTomH May 2012 #16
Rosa Luxemburg May 2012 #18
modrepub May 2012 #19
JoePhilly May 2012 #20
Auntie Bush May 2012 #21
unkachuck May 2012 #22
underpants May 2012 #23
Bombero1956 May 2012 #24

Response to Galraedia (Original post)

Thu May 10, 2012, 04:59 PM

1. Oh, he has a plan. Cut every single safety net and leave our most vulnerable people in the street.

He's already leaked it.

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Response to truthisfreedom (Reply #1)

Thu May 10, 2012, 05:00 PM

3. Beat me too it...

He will just have the disabled, seniors, children, and those who can't find work in this economy pay for it. Problem solved, just like in Lord of the Flies.

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Response to truthisfreedom (Reply #1)

Thu May 10, 2012, 06:15 PM

6. Well of course: they have no resources to steal & are ineffective at bullying others. No use to Mitt

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Response to truthisfreedom (Reply #1)

Thu May 10, 2012, 08:08 PM

10. To him and his, the 1%ers are the most vulnerable. n/t

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Response to truthisfreedom (Reply #1)

Fri May 11, 2012, 06:45 PM

17. Yup

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Response to Galraedia (Original post)

Thu May 10, 2012, 04:59 PM

2. Perhaps prior to increasing spending, one might want to review procurement procedures

I'm all for a strong defense. My problem is that we're getting fleeced (in many instances) by defense contractors who have put congresscritters into their pockets.

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Response to Galraedia (Original post)

Thu May 10, 2012, 05:03 PM

4. We will be like

North Korea y'know where all the monies are put into the military and the government and the rest are so poor that North Korea have to ask other countries for food aid.

Welcome to Mitten's America!

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Response to Galraedia (Original post)

Thu May 10, 2012, 05:08 PM

5. As willard would say:

I really love the military as long as my children, grand children, and my self do not have to serve.

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Response to Galraedia (Original post)

Thu May 10, 2012, 06:46 PM

7. His plan is to conquer the world and pay it off with the booty.

Not that this will work, but isn't that usually the hubris in empires in the rabid stage, especially when they elect Republicans?

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Response to Galraedia (Original post)

Thu May 10, 2012, 06:55 PM

8. There's nothing quite like trying to turn the military against the people for political advantage.nt

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Response to Galraedia (Original post)

Thu May 10, 2012, 07:39 PM

9. It's not Etch-a-Sketch campaigning, it's ala carte menu sound bite campaigning.

"I'll have 'fiscal responsibility,' 'deficit reduction,' 'increased military spending,' and 'tax cuts for the rich.' Oh, with Hollandaise sauce on the side. I'll be paying by credit card. Better yet, let's put it on your credit card."

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Response to Galraedia (Original post)

Fri May 11, 2012, 05:57 AM

11. Thank God he's not one of those "Tax and spend Liberals"

 

And he'll probably claim it's a necessity. There's a looming threat...

What a colossal tool.

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Response to Galraedia (Original post)

Fri May 11, 2012, 08:41 AM

12. I never thought that I could hate anyone more than I hated W

but Romney is already a length ahead of him and he's just getting started.

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Response to smirkymonkey (Reply #12)

Fri May 11, 2012, 11:26 AM

13. gee, he sounds just like W

he just wants to finish us off. Cut social safety net, thinks the churches will cover and gain new recruits, especially the mormon church. And what little money the plebes have left he can divvy it up with his wealthy, corporate buddies. What a grand plan if you're wealthy and don't give a fek about this country or its' people.

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Response to newspeak (Reply #13)

Fri May 11, 2012, 12:04 PM

15. I think he is even more

dangerous because he should have learned from W's mistakes with ROVE and CO.

He makes John McCain seem like a sweetheart.

And, he now has....
the TEA BAGS in full bloom and in total control of the Republican Party!

Rush still able to remain on TV

He seems to enjoy having Rethugs talk about how they HATE "Obama"
because he is Black. A true leader would lead by example and correct his Tea Players to be respectful.

They don't seem to respect the fact that Obama is smart,successful, kind and has the support and crowds at rallies that have a IQ above 10 and most of all we have CARE GENES.

For sure Mitt doesn't have a CARE GENE in his entire body.



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Response to Galraedia (Original post)

Fri May 11, 2012, 11:48 AM

14. Classic. They can't help the economy with tax cuts alone: they have to pump money somewhere.

SOBs. If they really cared about working class Americans they would have passed Obama's jobs bill.

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Response to Galraedia (Original post)

Fri May 11, 2012, 12:23 PM

16. Just like their great god Ronnie Reagan!

Increase defense spending, cut taxes for the very wealth; then make draconian cuts to the safety net, and claim you're "fiscally responsible!"

Every time I ask: "Can these people get any worse?" they do!

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Response to Galraedia (Original post)

Fri May 11, 2012, 07:09 PM

18. the man is a fool

?w=680&h=718

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Response to Galraedia (Original post)

Fri May 11, 2012, 09:03 PM

19. Throwing Money At It

How come Repubs insist that they can't "fix society's ills by "throwing money at them" but they continue to insist on paying exorbitant amounts of money on defense?

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Response to Galraedia (Original post)

Fri May 11, 2012, 09:11 PM

20. War is free ... DUH!!!!

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Response to Galraedia (Original post)

Fri May 11, 2012, 09:17 PM

21. Yes, he does have a plan to pay for it...but he won't tell you yet. He'll totally pay for it

by taking it ALL from the POOR, the old and disabled and all their programs. The entire safety net will be destroyed. If necessary he'll take it from the lower middle class who are trying to escape poverty and put them into poverty. The man is pure EVIL...worse than Bush. I never imagined we could see anyone worse but we're seeing it. Beware America!!

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Response to Galraedia (Original post)

Fri May 11, 2012, 09:31 PM

22. "at a floor of 4 percent of GDP."

 

"...Romney’s plan would lead to $2.1 trillion in additional spending over the next ten years..."

....we have no money to help the suffering American people in this lackluster economy, no money for the ailing American infrastructure and certainly no money to help Grandma buy something other than cat food for lunch, but we have plenty of money to throw at wars, the pentagon and kickbacks for their congressional warmongering lackies....

....God, I hate Republicans.

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Response to Galraedia (Original post)

Sun May 13, 2012, 03:36 PM

23. A payoff to the south for votes

Va, SC, Ga, Texas,Florida, NC

Those states rely on Uncle Sucker money

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Response to Galraedia (Original post)

Mon May 14, 2012, 12:11 AM

24. we might want to check where Bain has its money invested

I see this as a way for Mittens to line his pockets on tax dollars. Of course he'll say that all his investments are in blind trusts but that wouldn't happen unless he wins.

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