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Lindsey graham said this morning that the economy relies on high military spending
Posted on 2/9/18 at 3:08 pm
Posted on 2/9/18 at 3:08 pm
In the short term, is he right?
The savings that come from cuts to military spending are going saved for future debt payments, not sent back into economy
Say what you want, but a lot of industry relies on the material demand of the military, and military employs lots of people
Cutting it by say 10 billion is in the short term shrinking economy by 10 billion
Money sitting in a coffer waiting to be spent on interest payments is economically useless, and that's where the 10 bill would go
The savings that come from cuts to military spending are going saved for future debt payments, not sent back into economy
Say what you want, but a lot of industry relies on the material demand of the military, and military employs lots of people
Cutting it by say 10 billion is in the short term shrinking economy by 10 billion
Money sitting in a coffer waiting to be spent on interest payments is economically useless, and that's where the 10 bill would go
16
Posted on 2/9/18 at 3:10 pm to HailHailtoMichigan!
quote:
Cutting it by say 10 billion is in the short term shrinking economy by 10 billion
I dont see a difference between this and congressional pork barrel spending. Its a subsidy to special interest groups.
Posted on 2/9/18 at 3:13 pm to HailHailtoMichigan!
People like Lindsey Graham are the reason why we have $400 billion interest payments on our debt. And how much of our military spending is corporate welfare for defense contractors anyway? We should be trimming the fat in every type of federal spending, military included. I loathe that queen.
Posted on 2/9/18 at 3:14 pm to HailHailtoMichigan!
quote:Lindsey went to the broken windows school of economics
Lindsey graham said this morning that the economy relies on high military spending
Posted on 2/9/18 at 3:15 pm to HailHailtoMichigan!
Well now if this is the big government, big spending, uniparty mentality people have been clamoring about, then I can see what they were getting at.
Posted on 2/9/18 at 3:16 pm to HailHailtoMichigan!
That is just stupid. Defense spending is all of 3% of gdp
Posted on 2/9/18 at 3:17 pm to ShortyRob
I agree in the long run
But in short run, when you cut military spending, where is that saved money now going? Not back into economy
But in short run, when you cut military spending, where is that saved money now going? Not back into economy
Posted on 2/9/18 at 3:22 pm to HailHailtoMichigan!
it should be SOP to fully fund the military needs and social security 100%
then, and only then, should there be any discussion on what money is left for spending on things.
the insane waste going on like how fast a shrimp can run on a tread mill of how horny gerbles can get when high on cocaine should see people going to jail for agreeing to it
then, and only then, should there be any discussion on what money is left for spending on things.
the insane waste going on like how fast a shrimp can run on a tread mill of how horny gerbles can get when high on cocaine should see people going to jail for agreeing to it
This post was edited on 2/9/18 at 3:25 pm
Posted on 2/9/18 at 3:27 pm to gthog61
quote:
That is just stupid. Defense spending is all of 3% of gdp
Posted on 2/9/18 at 3:29 pm to HailHailtoMichigan!
quote:
In the short term, is he right?
He's stupid, if you rebate it back to the public, it goes to the public interests...
Either way it goes to the economy.
The issue with cutting public spending into the military is that all ancillary parts and pieces getg cut.
Example...Boeing owns the B-52, but some ancillary items like the bunk chute are manufactured by other people. When the budget gets cut, they don't cut Boeing, the edge out all the little guys.
So now the aircraft can't fly because for 3 years, the bunk chute wasn't funded for manufacture...now cost is double to spin it back up. And production will take 18 months from contract to shelf. Also, R&D for add ons drops to nothing.
That's how it stings.
This post was edited on 2/9/18 at 3:30 pm
Posted on 2/9/18 at 3:31 pm to HailHailtoMichigan!
quote:
Not back into economy
If it isn't PoMd it should be rebated...unless another special interest gets it
Posted on 2/9/18 at 3:31 pm to HailHailtoMichigan!
quote:
In the short term, is he right?
Both.
Our dollar is backed by our super power military.
Posted on 2/9/18 at 3:38 pm to HailHailtoMichigan!
Then what happens when running huge deficits to keep from making any cuts to military budget leads to interest on the national debt becoming the biggest budget expenditure? That sure sounds good for the economy
Posted on 2/9/18 at 3:39 pm to HailHailtoMichigan!
quote:well that's the pickle that America has put itself in
But in short run, when you cut military spending, where is that saved money now going? Not back into economy
At this point it is basically political suicide to do what should be done
It's a bit too simple of an analogy but it'll work for the moment. Imagine that you've been making okay money but you are not rich. Call it $60,000 a year
But then I handed you 30 credit cards each with a maximum limit of 10,000. You use them for a while and then eventually you use them to pay off the ones you used. But you're living pretty great
We know that eventually you're going to go off a cliff when you've maxed out the 30th card but we're not there yet
The correct answer is to make your arse live a bit like a popper for a while while we get the shite in order
Well the reality is anyone doing what really needs to be done is going to create some short-term economic upheaval
Hell. That happened a little bit to Jimmy Carter. Nixon stupidly impose that wage and price freeze. You knew when it got removed it was going to create a snapback. And of course it did
So hey. We are all on this roller coaster and we know for sure that we are going to run out of track. We just aren't sure when and we are all hoping that it happens when the other party is in office
Posted on 2/9/18 at 3:48 pm to HailHailtoMichigan!
In South Carolina it does.
Cant turn around without running into a military installation, or a nuclear weapons plant.
Cant turn around without running into a military installation, or a nuclear weapons plant.
Posted on 2/9/18 at 3:48 pm to HailHailtoMichigan!
Oh, Lindsey
Posted on 2/9/18 at 4:03 pm to HailHailtoMichigan!
We could reduce the defense budget by 40% and audit the hell out of them. It has to be one of the most wasteful gov't depts.
Posted on 2/9/18 at 4:09 pm to HailHailtoMichigan!
Yea, thats what the whole military indistrial complex term is referencig.
While generally true, id like to know what the diminishing return curve looks like for military spending.
While generally true, id like to know what the diminishing return curve looks like for military spending.
Posted on 2/9/18 at 4:54 pm to ShortyRob
quote:
At this point it is basically political suicide to do what should be done
And perhaps actual suicide.
Posted on 2/9/18 at 5:05 pm to HailHailtoMichigan!
No it doesn’t. Welfare fuels the economy, lol
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