Defense spending to spike $2.1 trillion under Romney
May 10th, 2012
07:42 AM ET
3 years ago

Defense spending to spike $2.1 trillion under Romney

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.

FULL STORY

Filed under: 2012 • Department of Defense • Mitt Romney
soundoff (19 Responses)
  1. Donkey Party

    Utter insanity! Fight the military industrial complex, fight the GOP and their puppet Romney.

    May 10, 2012 07:45 am at 7:45 am |
  2. Donkey Party

    Not even the Pentagon or the military wants what the GOP is proposing, it's that ridiculous.

    May 10, 2012 07:46 am at 7:46 am |
  3. Wake up people

    Yikes! But I thought he was about smaller govt.? Now how is THAT going to lower the debt? Oh yeah, he'll cut programs for the less fortunate. Silly me!

    OBAMA 2012!

    May 10, 2012 07:50 am at 7:50 am |
  4. The GOP opens mouth and inserts foot

    More and more from the tax-and-spend Republicans.

    May 10, 2012 07:56 am at 7:56 am |
  5. Keith Boyer

    Increase defense spending...reduce our national debt...balance the budget and cut taxes. How does that work?

    May 10, 2012 07:56 am at 7:56 am |
  6. Rudy NYC

    Mitt Romney is proclaiming "fiscal responsibility" when the facts of the matter say that he is not.

    Romney claims to cut "excess spending", but he would have a net increase in annual deficit and national with these sort of defense spending increases. Even without the defense spending spree, his tax cuts would add $5 trillion in debt above and beyond the debt growth that we already have.

    Like a typical Republican, he will create the problem and then blame it all on "tax and spend liberals" who are out of control. Pass an unfunded tax cut, and create a deficit problem. That is what Republicans do, folks.

    May 10, 2012 08:08 am at 8:08 am |
  7. Al-NY,NY

    of course he wants to increase military spending. The chicken hawks LOVES spending money on some useless or unattainable project. Not that the supercommittte's agreement, with the GOP's endorsement saying less $ means anything to these two-faced liars.

    May 10, 2012 08:15 am at 8:15 am |
  8. king

    I wonder when mitten cuts taxes, what will he decimate to pay for this enormous military, alquaeda best ally is mitten, because he will do what they've set out to do from the beginning, and that's destroy America financially. I wonder how much more money China will lend mitten to build up his military since China will be his main adversary. I wonder how many grand ma mitten will throw off the cliff for this great military industrial complex. Lesson the country has no money to support this kind of venture, the repubs scream about budget deficit, but I've never a repubs president that didn't explode the deficit, and mitten will be a repubs spoofing deficiteer on steroids.

    May 10, 2012 08:26 am at 8:26 am |
  9. Namejkane fl live from teapublican moon base no taxes, no regulation no health care, free gas.

    Doesn't matter, going by his record in past elections, govenor off mass ,couldn't get relected . Mass senate loss. Republican presidential primary againest mcain loss. And now landslide loss to Obama in Nov . Try 2016 , maybe you can be moron in chief of the teaparty then and thanks for saving the. Auto industry.

    May 10, 2012 08:26 am at 8:26 am |
  10. the situation

    Under Mr. Flip Flopper the US will be have more unsanctioned wars against Iran and North Korea. Take away money from education and social programs and build up the military. Sound very familiar with the last Repub President. If Romney is elected, US will be bankrupt, once and for all!

    May 10, 2012 08:29 am at 8:29 am |
  11. Bucko

    This story is too vague to make any definitive comments. In what areas will spending be increased? Veterans benefits? Aging equipment upgrade or replacement? Remember that defense spending translates to income to contractors. Those contractors then spend in their local economy. Sounds kinda Orwellian, but true.

    May 10, 2012 08:34 am at 8:34 am |
  12. Lynda/Minnesota

    "The former Massachusetts governor wants to increase defense spending by leaps and bounds."

    Might just as well triple that amount. War with Iran won't be cheap. Re-igniting the Cold War is going to cost a pretty penny too. Well, once Romney finds Czechoslovakia that is.

    Mitt Romney and George W. Bush. One in the same. Same advisers. Same willingness to follow, not lead.

    May 10, 2012 08:38 am at 8:38 am |
  13. Thomas

    We need to clamp down on these nancy fru fru socialist programs like healthcare and promote WAR WAR ONWARD WARMACHINE.

    May 10, 2012 08:42 am at 8:42 am |
  14. Governor 47th in Job Growth

    Interesting.Paranoid. Those Soviets are coming to get us and we can only blow up the world six times over right now. Forget the poor, elderly, and any other social services. No need for education or safe food, clean air and water. We'll have the rich club and everyone else can be in the armed forces. You go, Willard.

    May 10, 2012 08:45 am at 8:45 am |
  15. Sandy

    No thanks. Romney has no experience and knows nothing about foreign policy. Romney's statements on foreign policy proves he is clueless. At least Obama served on the Foreign Relations Committee as a senator and proved in the debates that he knew what he was talking about in foreign affairs. Obama further proved it by doing what he said in the debates, that he would take out Bin Laden.

    May 10, 2012 08:51 am at 8:51 am |
  16. Dj Rhyme

    The "mad republican" Mitt just doesn't understand we don't have the money to spend spend spend.

    May 10, 2012 08:57 am at 8:57 am |
  17. Anthony

    There is a clear reason for increasing military spending. Romney wants a war with Iran. Romney also want 20% tax cuts across the board. Just to make up the revenue loss from the tax cuts, the number of taxpayers would have to increase by more than 25% immediately. If you shrink the tax revenue from existing taxpayers by 20%, you need 25% more taxpayers to make up the difference. This is simple math: 0.8x 1.25= 1. But the number of jobs needed to make up for the loss is actually higher than 25%. When you give a millionaire a tax cut, the revenue loss cannot be made up by a job paying $50,000 a year. Of course, Romney can make up for the revenue loss by cutting spending. But because the military, Social Security, Medicare, Medicaid and welfare programs like unemployment benefits and food stamps make up the bulk of federal spending, and Republicans want to increase military spending, the cuts have to come at the expense of Social Security, Medicare, and so on. This is Republicans' secret. When Republicans talk about cutting runaway spending, people have no idea that the runaway spending is on them.

    May 10, 2012 09:00 am at 9:00 am |
  18. RealityBites

    Thats about half of what Obama is planning to gut from the military. And about the same as what will actually come out of congress. But you won't hear that from Riley..

    May 10, 2012 09:04 am at 9:04 am |
  19. OT

    How surprising? Has anyone ever heard one of these so called fiscal conservative charlatans talking about defense budget reduction? It is easier to go after poor single moms than the military industry complex I guess. That's why Paul, who is at least consistent in his conservativisn in this party is treated as nothing but a joke. What is sad is hoe many people support Romney because his skin color is more acceptable than Obama. Or was it because he will make some of us rich like he is by "restructuring" the jobs of the rest? Wake up America! It is the Internet age

    May 10, 2012 09:05 am at 9:05 am |