AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.
Read it and weep my left wing friend....that was 500 billion over 10 years.
Panetta warns of degraded military readiness from spending cuts - CNN.com
"God Bless Our Troops in Harms Way."
One would expect some real reductions as troop levels decrease in Afganistan and troops are brought home from Iraq.
This so called "cut" is nothing but a liberal smoke and mirrors exercise in creative mathematics. First, you propose a 10% increase in spending, then lower that to only 5%, and claim it was a 5% cut over what was planned to be spent.
The government does the same thing with non military spending as well. When has the actual spending ever been less than the year before for anything? As long as the big government statists are in power telling the right wing we must continue to expand the military, and the left wing that we must continue to increase social spending, the government will never be reigned in.
Can't we just turn Congress off and then turn it back on again?
Pretty much on the money.
Cutting the rate of increase is not a real cut.
If we spent $700 billion on 'defense' last year, and we want to cut our defense spending 10%, this year's spending must be no more than $630 billion.
Like you say slapping on a 10% increase and then cutting that 5% is no cut at all.
Military expenditure by nation ....
the US spends more of its GDP on the military as well ...
US: 4.7% (second largest by % GDP)
Russia:3.9% (third largest by % GPD)
although ... Saudi Arabia spends almost double what the US does in GDP terms .... 8.7%
List of countries by military expenditures - Wikipedia, the free encyclopedia
Every political good carried to the extreme must be productive of evil.
Not in the U.S.A.,no more war's because of lies, being told to the American people.
It's not because John McCain doesn't care. It's because John McCain doesn't get it.
At Democratic Party's Denver convention, August 2008.
The right hand of the State submits a proposal:
"Let's build a laser cannon capable of blowing away the planet of Jupiter. The intelligence is incomplete at this point, but doesn't this "Red Spot" give you the creeps? According to our back-of-the-envelope calculation, it will cost us mere $666 trillion dollars over the next 777 years. Can we afford NOT to do it?"
The left hand of the State levels its scathing criticism: "This is totally, absolutely, preposterously insane. You people are unbelievable. Six trillion over the next seven years, inflation adjusted, and not a penny more"
Both hands, in unison: "It took a lot of personal courage and bipartisan cooperation, but look: We just have cut our defense spending by more than 90%!"
Last edited by Cyrylek; 04-12-13 at 12:21 PM.