Christopher A. Preble
The most telling moment of the debate might have been Romney’s inability to answer a basic question about his plans for military spending.
He surely must have known that such a question was likely. There have been a number of recent articles about his promise to spend at least 4 percent of GDP on the Pentagon’s base budget, first articulated in a defense and foreign-policy white paper and reiterated on his website. Moderator Bob Schieffer asked, not unreasonably, “Governor . . . Where are you going to get the money?”
Romney replied that “we’re going to cut about 5 percent from the discretionary budget, excluding military,” and he invited Schieffer to “come on our website” to see “how we get to a balanced budget within 8 to 10 years.”
But Romney’s numbers don’t add up. According to the CBO’s latest projections (Table 1-3), nondefense discretionary spending over the next decade (2013–2022) will total $5.494 trillion. Five percent of that equals $274.7 billion. Sequestration would eliminate another $356 billion, assuming that he could push those cuts through Congress while protecting the Pentagon. According to my most conservative estimate, Romney’s 4 percent goal, assuming that he won’t actually reach it until the end of a second term, will generate $1.7 trillion in additional spending. Cutting domestic discretionary spending, therefore, doesn’t come close to covering the costs of Romney’s plans. So, I ask, “Governor, where are you going to get the money?”
But perhaps we were witnessing another Etch A Sketch moment? Romney said last night that he would not cut military spending, but he did not reiterate his 4 percent goal. Could it be that Romney is moving away from it?