Join Date: May 2008
The Defense Stimulus
This topic isn't new (and the article is quite superficial in my opinion):
The DoD budget as a whole is dangerously inflated and needs to be cut to a level that can be financed without new debt (federal budget deficit and trade balance deficit tell me that the Bush II years budgets were obviously not sustainable).
The present - seemingly paradox- situation is that defense budgets could be used to stimulate the economy - but only to some degree. Military spending in itself is harmful for a nation's macroeconomics, and even the stimulus concept is questionable (don't trust the propaganda for stimulus).
It might be a good idea to spend earlier, though. Repairs, construction work and procurement planned for 2011-2013 could be moved into 2009-2011.
Such a shifting of expenses in time would be almost neutral tot he long-term debt situation.
We should always keep in mind that government debt can expose and weaken us militarily just as well as 'too' small military budgets can do.
I don't remember a single example of an already broke government that entered and won a major war in military history (excluding the irrelevant Third World participants of WW2).
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