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To: Kaslin
Military spending, like all government spending, hampers private sector growth by taking resources away from investors, entrepreneurs, and consumers while contributing significantly to the national debt

Really Ron? You're not known as the Crazy Uncle for nothin'...

13 posted on 05/06/2014 4:25:59 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va
There is a phrase that was/is used in the Economics 101 textbooks, "Guns and Butter". War goods and consumer goods.

A nation can spend money on guns or butter, but spending on both leads to inflation and economic decline.

So, if you want to expand the economy, the govt can cut taxes, raise spending, and have a war.

But, if you do this, and the economy doesn't expand, and actually recedes(like under GW Bush and the GOP), you are in deep doo doo, like we are.

15 posted on 05/06/2014 4:43:01 AM PDT by Ben Ficklin
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