5 ms·
I'm confused about the calculation. They say we are approaching 2T a year on military spending. Over 5 years that's 10T. 2% of that is 200B - a fair sum, but no
by DOsinga 5y ago
I'm confused about the calculation. They say we are approaching 2T a year on military spending. Over 5 years that's 10T. 2% of that is 200B - a fair sum, but no the 1T advertised. What am I missing?
- jcranmer 5y agoThey're proposing reducing 2% a year each year, so that after 5 years, you will have reached 10% of military spending each year. I missed that the first time I read that, and now that I see they're proposing sustained year-on-year reductions... it makes it even more of a daft proposal than I thought it was.
- DOsinga 5y agoAh, good catch, thanks
- rkk3 5y agoI'm a little confused as well, but 2 things I noticed. 1) It's 2% cut a year, so you save 200B the first year cuts, 160B the second year cuts etc. 2) This calculation is based on happening several years out, with significantly higher military spending. But I still "only" see .65T in savings when they start cutting 2% a year in 2025 from 2.2T budget