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
14 comments
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Puts in context all the fear mongering about China's military buildup while they're sitting at 1.7% of GDP.
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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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It's not especially challenging if we simply refuse. 2% is fine.
Of course the idea is that 5% of our budget goes to American weapons. Just another shakedown attempt from the wannabe gangster president.
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The crazy thing is, it’s not 5% of the budget it’s 5% of GDP. Usually a government budget is somewhere around 20% of GDP. So spending 5% of GDP on NATO would mean about 25% of all government spending going on the military.
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"refuse"?
That's hypocrisy, and we're not hypocrites yet, are we?
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Aren't the targets just recommendations. Canada should decide how much it spend based on it own needs
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1% is a little much. 2% is clearly excessive. 5% is ... I don't even know.
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If people are even taking it seriously I guess it means we won't have long to wait for world war 3.
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At least we will talk tough for a few months before increasing our subjugation level to USA to over 9000.
The great prosperity of war and fascism to the rescue.
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It's the US pulling back from NATO that's spurred this increase.
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No. It's appeasing trump, and his number.
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14 comments