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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.
[Reply]
Prison Bitch 08:07 AM 12-02-2019
So if Nato is spending all this money, why did Chump spike our military spending so much?


Um, that doesn’t quite make sense does it?
[Reply]
GloryDayz 08:54 AM 12-02-2019
Originally Posted by Prison Bitch:
So if Nato is spending all this money, why did Chump spike our military spending so much?


Um, that doesn’t quite make sense does it?
Sure it does. After 8 years of Obama we're going to need many years to get the military back to where President Trump and I want it.

Any more gay-ass stupid questions that have obvious answers. Punk...
[Reply]
Prison Bitch 09:20 AM 12-02-2019
Originally Posted by GloryDayz:
Sure it does. After 8 years of Obama we're going to need many years to get the military back to where President Trump and I want it.

Any more gay-ass stupid questions that have obvious answers. Punk...
Well you’re woefully misinformed then. Obama spent more (even adj for inflation) than your hero Ronnie Raygun did.




Please do your own research before you spew ignorant opinions.
[Reply]
SuperBowl4 09:59 AM 12-02-2019
Originally Posted by Prison Bitch:
So if Nato is spending all this money, why did Chump spike our military spending so much?


Um, that doesn’t quite make sense does it?
Because TRUMP said that NOBODY loves our military more than he does. And he takes credit for rebuilding it. TRUMP signed a Executive Order to rebuild the/our military in 2017. I guess the wars on terror have depleted the/our military.
[Reply]
GloryDayz 10:09 AM 12-02-2019
Originally Posted by Prison Bitch:
Well you’re woefully misinformed then. Obama spent more (even adj for inflation) than your hero Ronnie Raygun did.









Please do your own research before you spew ignorant opinions.
So we need to spend even more on our wonderful but under-funder military. Got it...
[Reply]
Shields68 10:12 AM 12-02-2019
Originally Posted by Prison Bitch:
Well you’re woefully misinformed then. Obama spent more (even adj for inflation) than your hero Ronnie Raygun did.




Please do your own research before you spew ignorant opinions.
Probably nothing to do with Iraq or Afghanistan.
[Reply]
Prison Bitch 10:13 AM 12-02-2019
Originally Posted by :
I guess the wars on terror have depleted the/our military.
They didn’t. We spent $60b/yr on the Sand Wars in a sepearate category called “continuing operations”. So it never even affected the regular military budgets at all.
[Reply]
SuperBowl4 10:52 AM 12-02-2019
Originally Posted by Prison Bitch:
They didn’t. We spent $60b/yr on the Sand Wars in a sepearate category called “continuing operations”. So it never even affected the regular military budgets at all.
O.K. So TRUMP loves the/our military and rebuilt it anyway, so he says.
[Reply]
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