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?
They'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.
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