govtoversight: Dear Super Committee: Defense Contractors are “Second to None” In Wasteful Spending The defense industry is forming a bloc to fight against cuts in national security spending. Here is a reminder that not only is the U.S. spending way more on defense than any other country, but that defense spending is also the source of a lot of government waste. Read about it on the POGO blog. Photo from Flickr user melanieburger.

govtoversight:

Dear Super Committee: Defense Contractors are “Second to None” In Wasteful Spending

The defense industry is forming a bloc to fight against cuts in national security spending. Here is a reminder that not only is the U.S. spending way more on defense than any other country, but that defense spending is also the source of a lot of government waste.

Read about it on the POGO blog.

Photo from Flickr user melanieburger.

In response to all of the “who has the deficit gone up for more” charts, lets keep in mind that it’s not about if the deficit goes up, but what you spend it on. In a crisis the government becomes the lender of last resort. Basic Neo-Keynesian economics. FDR’s run is the greatest example. JFK and Reagan were also examples. Deficit spending works if it spent in a way that increases the GDP. Infrastructure, public works, teachers, police, and yes universal health care -leaguerulesfrownupon

In response to all of the “who has the deficit gone up for more” charts, lets keep in mind that it’s not about if the deficit goes up, but what you spend it on. In a crisis the government becomes the lender of last resort. Basic Neo-Keynesian economics. FDR’s run is the greatest example. JFK and Reagan were also examples. Deficit spending works if it spent in a way that increases the GDP. Infrastructure, public works, teachers, police, and yes universal health care

-leaguerulesfrownupon