Secretary-General of NATO Mark Rutte Calls 4 Higher Defense Spending

Investment Analysis Clubs Macro Economic Trends and Risks
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Rutte was clear about the need for a boost in military budgets following reports that NATO will set a new spending target of 3 percent of GDP by 2030. The alliance’s current pledge — met by all but eight members — is to spend at least 2 percent of GDP on defense.

“It is time to shift to a wartime mindset," Rutte said. "And turbo-charge our defense production and defense spending.”

There’s a growing consensus among allies that the current 2 percent goal is not enough to implement regional defense plans and meet NATO’s capability targets, which are expected to be updated with more requirements next year.

So.
Higher taxes?
Higher deficit spending?
Cut climate warming & social safety net spending?
Probably it will vary by nation.

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Better than getting taken over by Russia or Iran.

The Peace Dividend is Fool’s Gold.

The Captain

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The United States has a moat around it. It would be impossible for any country to take it over.

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Might as well get out of NATO!

The Captain

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15 years ago a friend told me about the Russian plan to take over the USA without firing a single bullet. I took him as a tinfoil hat nut job at the time, but the last 9 years have made me really wonder if I should have listened more carefully to him.

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Naw Captain we are going to stay in to protect you. :grin:

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True, but cyber warfare could easily destroy our economy.

DB2

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