So long as the members of NATO are finally agreeing to cover their 2% pre-agreed upon expenses according to the NATO rules, the United States should require that NATO countries compensate for their formerly unpaid contributions. When 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) amount not 2% of their GDPs.
Well, it is simple really, you see I have been seeing the slow-motion train wreak we call the European Union (EU). Greece remains borrowing, and they are borrowing from Germany and the IMF to use that cash to cover loans incurred, finally 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 increasingly more countries leave as Britain did, a lot of these individual nation-states will observe their GDPs radically cut briefly.
Okay so, what I am saying is that; countries could economically collapse and consequently, 2% of GDP will be 1/3 of what it is now. So, let us make hardline investment rule and foundation it in USD, not Euro or another currency, particularly since our money is getting stronger and will continue to get more powerful as other country’s economies investment and crash comes pouring into where it can find a good return on investment in a secure haven economic environment.
Another reason why the 2% rule bothers me is that this has been going on some time and countries who sell and export protection products such as tanks, missiles, airplanes, and boats through in-country corporate defense contractors stand to gain substantially with the new growth in military purchases, while those EU countries who do not make military hardware are certain to go further in debt purchasing weapons of war. This only further exacerbates the current problem of inequality of EU countries as the productive nations grow in strength while the non-productive countries fall behind in unsustainable debt.
Sure, one could say, that is not our problem, however when we’re holding the bag for NATO, we’re on the hook for their slowdown of purchases of 2% of their respective GDPs as people GDPs take a serious financial haircut on account of the failing Euro Zone project and increasingly arrogant and elitist socialist EU leadership.
I don’t mean to be a hard ass about it, but now that we see how quickly the NATO countries have recapitulated and re-promised their required contributions to their militaries, perhaps we need to put a little fairness back into the system, let’s renegotiate this – and do what is best for America. Oh and allow them to purchase and pay for a ship load of F-35s, Patriot Missile Systems, J-Dams, C-130s first, then re-negotiate.