SHOT: Hagel Said The U.S. Budgets In The “Area” Of 5 Percent Of GDP For Defense Spending. SEN. LINDSAY GRAHAM: “What percentage of GDP do we spend on defense?” HAGEL: “Well, we are I think it is probably 5% now in that area. In our budget, our discretionary budget.” (U.S. Senate, Hearing, 1/31/13)

CHASER: During The Last Fiscal Year, Defense Spending Was 3.4 Percent Of GDP. “It was 3.4 percent in the fiscal year that just ended on Sept. 30.” (“Will Romney Increase Defense Spending By $2 Trillion?” FactCheck.org, 10/16/12)

• Over The Next Decade, President Obama Wants Defense Spending To Average 2.9 Percent Of GDP. “Under Obama, base defense spending would average 2.9 percent of GDP over the 10-year period.” (“Will Romney Increase Defense Spending By $2 Trillion?” FactCheck.org, 10/16/12)