Response to FB Post

[RKP5637]

28. Exactly and well said! And Romney wants to add 2.1 Trillion more to the

defense department/contractors. It really makes one wonder if Romney plans on creating WWIII for the profit of his defense contractor buddies. I really see no way in hell that this defense department spending bubble for the MIC is going to spiral downward. Too many are making too many $$$'s off of defense spending. Eisenhower was sooo correct.

http://thinkprogress.org/security/2012/05/10/481764/romney-military-spending-2-trillion/?mobile=nc

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.[...]