NATO Defense Ministers met today. A huge surge in Defense spending is on the table.
Deutsche Welle (Germany) reports:
“NATO alliance defense ministers have broadly endorsed a plan to increase spending to 5% of GDP, as US President Donald Trump has demanded the alliances members invest more...Non-US GDP exceeding $25 Trillion in 2024, going from 2% devoted to defense to 5%, would be over a $750 Billion dollar per year increase, from outside of the USA, to an annual total of about $1.275 Trillion from NATO members other than the USA.
The USA had about a $29 Billion GDP in 2024, and already spends over 4% on Defense. Altogether, that would raise SUPER NATO’s annual Defense spending to around $2.7 Trillion!
Russia had about a $2 Trillion GDP last year, and about a $150 Billion Defense Budget - less than 5% of what SUPER NATO is considering committing to, later this month at The Hague Summit.
...US Secretary of Defense Pete Hegseth on Thursday said that NATO members were close to a deal on spending ahead of the Hague summit (June 24-25).
“This alliance, we believe, in a matter of weeks, will be committing to five percent — 3.5% in hard military and 1.5% in infrastructure and defense-related activities,” Hegseth said after meeting with NATO counterparts.”
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