It is one of Mitt Romney’s most striking anecdotes. The US Navy, he says, has fewer ships today than in 1917, and the US Air Force is smaller than it was in 1947. Notwithstanding that today’s fleets are far beyond the capability of those from yesteryear, Romney says it is evidence that America’s military dominance is at risk.
Romney’s solution is one of the most far-ranging, expensive, and perhaps least understood of his campaign. He has vowed to commit at least 4 percent of the nation’s gross domestic product - $4 out of every $100 in the nation’s economy - to “core’’ defense spending, not including many war expenses.
The cost appears to be far greater than when Romney first broached the idea several years ago, when the nation was spending closer to 4 percent of GDP on defense. Under next year’s budget, defense spending is projected to be about 3.2 percent - yet Romney has stuck by his 4 percent vow. Put another way, that means Romney proposes spending 61 percent more than Obama at the end of a decade-long cycle, according to the libertarian Cato Institute.
Enacting such an increase at the same time that Romney wants to slash taxes and balance the budget could cost trillions of dollars and require huge cuts in domestic programs. As Romney’s website puts it matter-of-factly, “This will not be a cost-free process.’’