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Washington DC and The Holy Land>Europe’s defense spending nears $300 billion: experts say Trump’s pressure paying off
scho63 05:19 AM 11-05-2019
More winning from Trump-dude is killing it! :-):-)

https://www.cnbc.com/2019/11/01/euro...ysts-say.html?

European defense spending will surpass $300 billion a year by 2021, according to new research from Jane’s by IHS Markit.

Defense expenditure is a highly sensitive topic in the region. President Donald Trump has repeatedly criticized NATO member countries in Europe for not respecting a rule that says 2% of GDP (gross domestic product) should be spent on defense.

At a NATO summit in 2017, Trump ramped up that pressure by noting the U.S. had allocated more cash to defense than all the other NATO countries combined.

Fenella McGerty, principal budgets analyst at Jane’s by IHS Markit said in the report Friday that with funding for European defense now appearing to trend higher, the U.S. president looks to be getting his way.

“Political factors are continuing to present a key driver as Europe responds to pressure from NATO allies — primarily the U.S. — to increase defense spending,” said McGerty.

Jane’s IHS Markit predicts the rise in spending will continue to tip over the £300 billion per year mark in 2021.



The analysis suggests that in 2019, European defense spending as a whole will grow by almost 5% from the previous year.

Janes said that Germany alone spent an estimated 11% more defense cash for 2019, while Sweden’s defense budget was up nearly 9%. On average, Western European countries, which includes the big budgets of the U.K., Germany, Italy, and France grew by around 4%.

While much smaller in dollar terms, Eastern Europe’s growth was even more pronounced with the aggregate defense spending of countries rising around 9% in 2019.

UK pound trouble
The U.K. has a plan to spend £186 billion ($241 billion) on defense equipment alone over a 10-year timescale. An estimated 25% will buy hardware originating from the United States.

Jane’s analysis suggests that if the pound does not strengthen or if the economy continues to be sluggish, then this figure could fall sharply.
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Amnorix 09:54 AM 11-05-2019
Good. Trump's not wrong when he suggests the US has been carrying the water for all of NATO for a long time now. There's mutual benefit there, but they aren't toting their fair share.
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Jim Hammer 10:10 AM 11-05-2019
Maybe if they spend more, we can spend less.
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Prison Bitch 10:21 AM 11-05-2019
Originally Posted by Jim Hammer:
Maybe if they spend more, we can spend less.
Yeah! But no. We did this so we could spend less IN EUROPE.




Now we can reposition that money to that certain region which we are always bogged down in, and from which our rulers command their colony which provides all the raw materials (their two main imports being money, soldier blood).
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scho63 11:30 AM 11-15-2019
Trump wants South Korea to pay 500% more than they are for our troops!

Dude is making other countries finally pony up more money. Another great move by Trump!

https://www.usatoday.com/story/news/...ps/4200210002/

Trump demands five-fold increase in costs from South Korea to keep US troops, reports say

SEOUL, South Korea – U.S. Defense Secretary Mark Esper on Friday pressed Washington’s case that longtime ally South Korea must pay a bigger share of the cost of having U.S. troops on its soil.

“This is a very strong alliance we have, but Korea is a wealthy country and could and should pay more to help offset the cost of defense,” Esper told a joint news conference with his South Korean counterpart, Jeong Kyeong-doo.

Esper said that while South Korea has provided “a fair amount of support in the past,” it is important to point out that “most of that money stays here in this country – easily over 90% of that money stays here in Korea, it does not go to the United States.”

The amount Korea pays for the presence of about 28,000 U.S. troops has varied over the years. This year it is nearly $1 billion.

South Korean news reports have said the Trump administration is demanding a five-fold increase in South Korean contributions, to about $4.7 billion for 2020, although Jeong declined to confirm the figure. He said his country was prepared to pay a “fair and reasonable” amount.

In remarks to reporters Wednesday as he was flying to Seoul, Esper declined to cite a figure but said the administration has asked for a “substantial increase” in South Korea’s contributions.
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AdolfOliverBush 12:24 PM 11-15-2019
Awesome! I wonder if we'll get our share of the savings as a check, of if direct deposit is available?
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TLO 12:30 PM 11-15-2019
TRUMP TRUMP TRUMP!
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Megatron96 02:22 PM 11-15-2019
Originally Posted by AdolfOliverBush:
Awesome! I wonder if we'll get our share of the savings as a check, of if direct deposit is available?
When your wife says, "I saved $500 today while shopping," how do you usually get your $500?
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lawrenceRaider 03:17 PM 11-15-2019
Originally Posted by AdolfOliverBush:
Awesome! I wonder if we'll get our share of the savings as a check, of if direct deposit is available?
T's & P's.
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HemiEd 07:37 PM 11-15-2019
Originally Posted by Jim Hammer:
Maybe if they spend more, we can spend less.
There is a slight glimmer of hope for you after all.
[Reply]
Marcellus 09:28 PM 11-15-2019
And strangely enough Donger hasn't posted in this thread.
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stevieray 09:31 PM 11-15-2019
Originally Posted by HemiEd:
There is a slight glimmer of hope for you after all.
China and now this...as a businessman, he clearly saw Countries have been taking major advantage of the US for quite some time. He campaigned on it.

Pretty bad ass.
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philfree 09:52 PM 11-15-2019
Originally Posted by :
The U.K. has a plan to spend £186 billion ($241 billion) on defense equipment alone over a 10-year timescale. An estimated 25% will buy hardware originating from the United States.
So the US gets billions of dollars of business. There's some beauty in that but 25% of the country's in the EU or of the $241.billion?
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BanHam 07:36 AM 12-02-2019
NATO announces $30 billion increase in defense spending in advance of Trump’s arrival for 70th anniversary summit

| December 02, 2019 07:03 AM


- President Trump will be greeted with an upbeat progress report on his pet peeve when he arrives in London for this week’s NATO leader’s meeting, marking the 70th anniversary of the transatlantic alliance.

Ahead of this week’s gathering of NATO heads of state, Secretary General Jens Stoltenberg announced the latest spending figures based on updated reports submitted by the alliance’s 29 member nations.

Last year Stoltenberg said NATO’s European allies and Canada were on track to spend $100 billion more on their own defense by the end of this year. “In fact, this figure now stands at $130 billion,” Stoltenberg said Friday. “Based on these plans, I can announce that the accumulated increase in defence spending by the end of 2024, will be $400 billion U.S. dollars.”

Since he took office in 2017, Trump has been sharply critical of NATO countries for failing to meet their pledge to increase defense spending to 2% of GDP. That goal was set in 2014 at the NATO summit in Wales, and member nations were given 10 years to meet it.

“This year nine allies will meet the guideline, up from just three allies a few years ago,” Stolteneberg said, “and the majority of allies have plans in place to reach 2% by 2024.”

Trump often portrays the 2% goal as money that countries owe NATO, when in fact it’s money the countries spend on themselves to increase their military capabilities in order to better contribute to the collective defense of the alliance.

But there is another, smaller pot of money that goes to operate and maintain NATO’s sprawling headquarters in Brussels as well as other overhead expenses, which runs about $2.5 billion.

In a gesture designed to address Trump’s complaints about the U.S paying more than its fair share, NATO nations have agreed to cut America’s subsidy of that budget next year from 22% to 16%, which will save the U.S. about $150 million.

Other NATO nations will make up the difference.


https://www.washingtonexaminer.com/p...versary-summit
[Reply]
GloryDayz 07:52 AM 12-02-2019
:-)
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