Sharp based his calculation on Romney’s campaign promise to make the base defense budget—discretionary spending that excludes the cost of war in Iraq/Afghanistan—at least 4 percent of GDP every year. By contrast, the Pentagon’s current base budget is 3.3 percent of GDP in 2013, according to the Office of Management and Budget. (To be more precise, Romney’s Pentagon budget covers about 95 percent of total defense spending, but it’s close enough for a ballpark estimate.)
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