Defense spending to spike $2.1 trillion under Romney

by Blogburger on May 10, 2012

By Charles Riley @CNNMoney May 10, 2012: 5:25 AM ET Mitt Romney wants more ships, planes and troops. NEW YORK (CNNMoney) — Mitt Romney is campaigning on a platform that emphasizes less spending, smaller deficits and renewed fiscal responsibility. But in one budget area, Romney is running the opposite direction. The former Massachusetts governor wants to increase defense spending by leaps and bounds. By one estimate, additional spending would exceed $ 2 trillion over the next decade. Romney’s plan calls for linking the Pentagon’s base budget to Gross Domestic Product, and allowing the military to spend at least $ 4 dollars out of every $ 100 the American economy produces. With the Pentagon’s…


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