The case for military spending to pull us out of recession
In the last 80 years there have been two major recessions and some minor slowdowns. The one in the 1930s was not cured by spending on infrastructure and in fact was made worse. It was not until we started military spending that we pulled out of a deep recession that was made worse by Democrat make work projects.
The military spending put people to work at productive jobs and unleashed innovations that carried us well beyond the war.
During the 1960s tax cuts and war spending along with space spending goosed the economy until Jimmy Carter go a hold of it in the late 1970s.
Ronald Reagan was able to pull us out of that stagflation recession with not just tax cuts, but also military spending which again led to innovation and a stronger country. That military spending also allowed us to win two wars in Iraq and overthrow the Taliban as well as minor actions in Europe.
While tax cuts help to pull us out of the recession caused by the internet bubble and the attacks on 9-11 they did not have the lasting effect that they would have had if we had sharply increased military spending.
It appears that Obama is going with a combination of the failed new deal infrastructure policy and tax cuts that will also go to those not paying taxes. But he is proposing to actually cut one of the engines of getting out of the recession--military spending. The mistake he and the Democrats are making is a belief that spending by itself will pull us out. They are overlooking the dynamic effect of military spending in the equation.
The fact is there is a great deal of new equipment that needs to be purchased. The Air Forces has an aging fleet of fighters, tankers and bombers. All the services need to purchase innovative new UAVs and other robotic force multipliers. We need to replace most of our combat mobility equipment that has seen heavy use in the last seven plus years. The spending should also concentrate on R&D projects for the future that will have applications that will spill over to the economy as a whole. We need to invest in countering cyber warfare activities by our enemies.
All of this makes much more sense that fru-fru museams in towns across the country and spending on unprove renewable energy projects that are not comercially viable. Put the research into energy for combat operations that frees the troops from a liquid fuel supply line.
The military spending put people to work at productive jobs and unleashed innovations that carried us well beyond the war.
During the 1960s tax cuts and war spending along with space spending goosed the economy until Jimmy Carter go a hold of it in the late 1970s.
Ronald Reagan was able to pull us out of that stagflation recession with not just tax cuts, but also military spending which again led to innovation and a stronger country. That military spending also allowed us to win two wars in Iraq and overthrow the Taliban as well as minor actions in Europe.
While tax cuts help to pull us out of the recession caused by the internet bubble and the attacks on 9-11 they did not have the lasting effect that they would have had if we had sharply increased military spending.
It appears that Obama is going with a combination of the failed new deal infrastructure policy and tax cuts that will also go to those not paying taxes. But he is proposing to actually cut one of the engines of getting out of the recession--military spending. The mistake he and the Democrats are making is a belief that spending by itself will pull us out. They are overlooking the dynamic effect of military spending in the equation.
The fact is there is a great deal of new equipment that needs to be purchased. The Air Forces has an aging fleet of fighters, tankers and bombers. All the services need to purchase innovative new UAVs and other robotic force multipliers. We need to replace most of our combat mobility equipment that has seen heavy use in the last seven plus years. The spending should also concentrate on R&D projects for the future that will have applications that will spill over to the economy as a whole. We need to invest in countering cyber warfare activities by our enemies.
All of this makes much more sense that fru-fru museams in towns across the country and spending on unprove renewable energy projects that are not comercially viable. Put the research into energy for combat operations that frees the troops from a liquid fuel supply line.
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