Canada faces ‘massive challenge’ as NATO eyes new 5% spending target
Canada faces ‘massive challenge’ as NATO eyes new 5% spending target
www.bnnbloomberg.ca
Canada faces ‘massive challenge’ as NATO eyes new 5% spending target: expert
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14 comments
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Its not "NATO" eying it. Its the US.
U.S. President Donald Trump has said for months he wants to see NATO countries increase their defence spending to five per cent of GDP.
I assume most other countries are against it.
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I swear I've seen figures that most of the EU have gone from <2-5% between 2015 and 2026/7, so I'm sure that includes most of NATO.
They better redirect those funds away from the US though, otherwise we really are screwed.
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The goal for the last decade was 2%, this has been reached now as you can see. So basically NATO was like "We really need 2% plz if we have 2% everything will be fine" and then as soon as all countries reach 2% they go "We really need 5% plz if we have 5% everything will be fine"
What we need isnt really that much more money, its a better strategy for how we use that money. Nationalization of industry contractors and fixed price points for bulk produced items.
At the moment the military complex is driven by the "We can ask for as much as we want because they keep giving us money" strategy. That needs to change and many other things with it like documentation and repairability of equipment.
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Yeah, well Russia and the MAGAzi's have forced all to shoot past 2%. Restructuring takes time and money.
The figures I saw were recent and projected commitments for the next couple of years.
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14 comments