Shooting Down Carney’s Faulty NATO Pledge

[Oscar]

Shooting Down Carney’s Faulty NATO Pledge

[ https://thetyee.ca/Analysis/2025/07/08/ ... ign=080725 ]

QUOTE: "The PM vows military spending will zoom. He’s failed to show the need or how we can afford it."

Christopher Holcroft - July 8, 2025 - The Tyee

EXCERPT: "Less than a week before Canada Day, the Mark Carney Liberal government announced it was joining other North Atlantic Treaty Organization countries in agreeing to dramatically increase spending on national defence to five per cent of gross domestic product, or GDP, within 10 years.

As with most ill-advised political decisions these days, this one has its roots in the appeasement of Donald Trump. The U.S. president had been badgering NATO countries to increase their military spending.

For Canada, the sudden five per cent decision is momentous, and potentially disastrous.

In today’s dollars, the new defence spending would amount to $150 billion per year, an astronomical sum. Even if accounting for only the 3.5 per cent “core defence spending” NATO target, this would still equate to more than the federal government spends on all health and social transfers to the provinces and territories combined. . . . ."

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