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View Diary: Ah, The Defense Keynesians Are Here (63 comments)

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  •  You are misunderstanding the argument (0+ / 0-)

    All localities are dependent on their exports to survive. If you have a lot of defense companies around, your local exports are defense products to the government.

    If the spending was wasteful, your locality doesn't care about that. It just wants the transfer payments to keep rolling in from elsewhere, especially since it will be very disruptive for them to stop.

    So there's no conflict there and no hypocrisy. Of course people are going to want transfer payments from elsewhere to keep coming. You don't need to be a Keynesian to know that money coming in from elsewhere is a good thing (for you, at least).

    (-5.50,-6.67): Left Libertarian
    Leadership doesn't mean taking a straw poll and then just throwing up your hands. -Jyrinx

    by Sparhawk on Mon Dec 03, 2012 at 08:53:20 AM PST

    •  Huh? (4+ / 0-)

      If a person, i.e. Republican, says that government doesn't create jobs, while in his next breath says that cutting defense spending will cost jobs, that is by definition hypocrisy.  

      And the real kicker is that military spending is the least effective of all government spending in creating jobs.  If you want to create jobs, spend it on education or infrastructure.

      Poor man wants to be rich. Rich man wants to king. And the king ain't satisifed until he rules everything. B.Springsteen

      by howd on Mon Dec 03, 2012 at 02:01:05 PM PST

      [ Parent ]

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