As long as the members of NATO are finally agreeing to cover their 2% pre-agreed upon expenditures as per the NATO rules, the United States should demand that NATO nations compensate for their previously unpaid contributions. Once those are completely made present, we have to re-negotiate – and the new provisions of NATO has to be determined by a USD (US Dollar) number not 2% of their GDPs. Why do I say this?
Well, it is simple really, you see I have been watching the slow-motion train wreak we call the European Union (EU). Greece is still borrowing, and now they are borrowing from Germany and the IMF to use that money to pay loans already incurred, eventually they will default, and then leave the EU. At that stage, they will still need to be in NATO but their GDP will be less than a 1/3 of what it is now. As the EU crumbles and more countries leave as Britain did, a lot of these individual nation-states will observe their GDPs drastically cut temporarily.
Okay so, what I am saying is that; nations could economically collapse and thus, 2% of GDP will be 1/3 of what it is now. So, let’s make hardline investment rule and base it in USD, not Euro or another currency, particularly since our currency is getting stronger and will continue to get stronger as other nation’s economies investment and crash comes pouring in to where it can find a solid return on investment in a safe haven economic environment.
Another reason the 2% rule bothers me is that this has been going on a while and countries who sell and export protection products like tanks, missiles, airplanes, and ships through in-country corporate defense contractors stand to gain substantially with the new increase in military purchases, while those EU countries who do not make military hardware are certain to go further in debt buying weapons of war. This just further exacerbates the current problem of inequality of EU nations as the productive nations grow in strength while the non-productive nations fall behind in unsustainable debt.
Sure, one could say, that’s not our problem, however if we’re holding the bag for NATO, we are on the hook for their slowdown of purchases of 2% of their respective GDPs as those GDPs take a serious financial haircut due to the failing Euro Zone project and ever increasingly arrogant and elitist socialist EU leadership.
I don’t mean to be a hard ass about it, but now that we see how fast the NATO countries have recapitulated and re-promised their required contributions to their militaries, maybe we ought to put a little fairness back into the system, let’s renegotiate this – and do what’s best for America. Oh and allow them to order and pay for a boat load of F-35s, Patriot Missile Systems, J-Dams, C-130s first, then re-negotiate.