706 Billion News Today

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Until 2024. the united states contributes far more to nato than any other country, both in terms of its share of gdp and in terms of dollar amount. this year the united states will contribute an estimated 3.5% of its gdp to nato, amounting to $706 billion. get your head around this. that is nearly 70% of natos entire defense budget. by way of comparison, united states gives nato 14 times more money than germany does, even though the u.s. economy is only five times larger. still the nato secretar...

Been a peaceful place. >> dana: the american-led global order this been in place has been good. one thing that is happening right now is russia is building up its military capabilities and the border with poland. they are anxious. the president was sort of receptive to the idea of possibly placing permanent troops there in poland. >> jesse: that would be a big step. we are trying to reorient our grand strategy towards the pacific after defeating the russians of russia keeps knocking on the doors...

To keep the alliance from fraying. >> we are committed to article 5. we are committed to the nato alliance. we believe that the nato alliance strengthens america. >> you can imagine why there is frustration, bill. the u.s. gave nato about $706 billion last year. germany by comparison gave nato $51 billion. something the president will be talking about at great length during his visit here. he is expected later tonight. no scheduled events until tomorrow. >> bill: well see you soon. >> my mom was...