Mitt Romney vows that defense spending cuts will be reversed under his Presidential watch.
Speaking at the American Legion’s convention last week, the Republican candidate said he vows to get veterans out of unemployment lines and to stop defense cuts triggered by budgeting quarrels in the Capitol.
“A year ago, President Obama told your convention, ‘We cannot, we must not, and we will not balance the budget on the backs of our veterans,’” Romney said. “I thought I finally agreed with him on something, but now he is on the verge of breaking that promise. The Obama administration is set to cut defense spending by nearly $1 trillion — my administration will not.”
A current plan requires $487 billion in cuts to defense spending over the next decade and another round of about $500 billion in cuts beginning next year if members of Congress don’t create a deficit-reduction plan.
While Obama and Republican Vice Presidential nominee Paul Ryan both favored the plan, Romney has a different opinion of how to handle defense spending. He wants to increase military spending and has vowed to spend at least 4 percent of gross domestic product on defense.