Defense Spending

A Study of Studies

"By using defense spending as an overall proxy for government spending" what does this study by the Mercatus Center at George Mason University really show?

Does Government Spending Stimulate Economies?

In response to the financial crisis, Congress passed the American Recovery and Reinvestment Act (ARRA) in February 2009, which totaled $789 billion in government spending. President Obama reassured anxious Americans that this spending would “revive our economy” and “create 3.5 million jobs” over the next two years.

 A new study by Harvard professor Dr. Robert Barro and Charles Redlick tests this claim and the economic theory that underlies it by using defense spending as a proxy for overall government spending. Their research finds that greater government spending does not aid the economy; in fact, it causes decreased consumption and investment.

To me? It shows that "greater government defense spending does not aid the economy; in fact, it causes decreased consumption and investment."

Ain't it funny how the cookie crumbles?

Gen. Petraeus: Kiss My ##@*&%$! ASS!

 

Image courtesy of ABC News.

According to this well written piece from David Porter, also carried at HuffPo - US Army General David Petraeus is working to override US President Barack Obama.  

A Just Foreign Policy

YES Magazine, Summer '08 Edition, has a number of really good articles, and an interview, that should be read and obsorbed as to some of what we should be putting into public discussion as we try to turn this ship of state around and head in a direction that should already have been. These articles touch on a number of important issues, Very Important, not only for us, as a country, but our place in the world and for the world as a whole.