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View Diary: Time to Push Facts: Taxes and Growth (40 comments)

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  •  i think any right winger will (1+ / 0-)
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    tell you that government cannot create jobs.

    so ask your right wing friend if decreasing military spending by 50% will destroy jobs. i think we can all agree that it will - goodbye lockheed-martin, raytheon. goodbye to the shipbuilding jobs on the coasts.  goodbye body armor manufacturers, military boot manufacturers, goodby electric boat co. and boeing. mcdonnell douglas, etc. etc. Your right wing friend will not like this idea even a little bit!

    and yet, we will never use 90% of the war toys we manufacture. in 30 years we will hire some other company to dispose of unused bullets and bombs. we will employ people to salvage ships and planes that never approached a combat situation. not once, not ever, not one time.

    So this defense spending is 90% Keynesian - we all pay for war toys that will never be used. it's like the classic Keynesian example of hiring one crew to dig a hole and then hiring another to fill it back up. but with the war toys we don't fully comprehend that that is exactly what we are doing.

    my point is this: even the right wingers are secretly Keynesians, and they don't even know it.

    Any man can stand some adversity. If you really want to know a man's character, give him power. Abe Lincoln.

    by maskling11 on Sat Nov 10, 2012 at 07:11:02 PM PST

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