Analyst: NATO’s 5 percent goal unrealistic

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00:00NATO members, including the U.S., have confirmed a 5% spending commitment.

00:06John, how significant is this for the future of the alliance?

00:12It's significant, but it's never going to happen collectively.

00:17And that's primarily because at the current rate, which is about 2%, 2.5%,

00:23look at, let's say, an economy like Turkey, a trillion-dollar-plus economy that's approaching

00:302 trillion. 5% GDP would be $100 billion a year. Now, just like Spain, you're going to have more

00:39and more of these countries, the further away they are from the border of Russia,

00:43they're going to say that we just can't spend that money, our taxpayers won't allow it,

00:49and we need to spend that money on health care, education, infrastructure, lowering taxes,

00:55lowering fees, et cetera. So this is very aspirational. The kick-in date, 2030, 2035,

01:03not only will President Trump be out of office, he may no longer be with us.