U.S. Sen. Elizabeth Dole wants to spend more on defense.
Dole, a Salisbury Republican, has introduced a resolution calling on Congress to spend at least 4 percent of the country's gross domestic product on the defense budget.
Dole says that would require an additional $40 billion in fiscal year 2008. Otherwise, the resolution says, defense spending is on track to drop to 3.2 percent of GDP by 2012.
"Projected defense spending will fall considerably short of meeting many of our military’s needs, and if we do not remedy this situation now, there will be serious consequences for our national security," Dole said in a statement.
Correction: A previous version of this post misstated the year.




Dumb
Anybody who knows anything about business and investing knows that spending levels tagged to arbitrary percentages of anything are almost always Very Bad Ideas. And in the case of defense spending, the Republican proposal is egregiously bad. It reflects a world view distorted beyond recognition by the Global War on Terror, which by itself has already proven a stupendous failure.
In case anyone has any doubt, this is nothing but Republican fear-mongering and pandering, an irresponsible proposal for irresponsible public policy from an irresponsible Senator who has long-outlived whatever little usefulness she might once have had.
(Congress Critter Virginia Foxx sent out an email filled with the same kind of stupidity earlier today.)