February 14, 2008
Just how BIG is DoD's Budget?
BIG. In point of fact, it is just a few billion shy of being more than what the rest of the ENTIRE PLANET spends on defense. And brings up a good point... Instead of raising taxes, the Republicans have just run massive deficits. Which drives up the cost of borrowing. Which in turn makes it more expensive for consumers to buy cars, houses, everything. Which acts as a drag on the economy, not just in higher borrowing costs but in terms of a weaker dollar. A weaker dollar means dramatically more expensive energy prices which leads to inflationary increases in the prices of EVERYTHING. The end result, if we're lucky, will be a mild recession.
If we're not lucky... well, read The Grapes of Wrath.
The reality is that our infrastructure and social safety net are crumbling. It's not just the roads and medicare/medicaid, it's schools, police, fire depts, community colleges and universities. By spending an inordinate amount on defense, we're sacrificing our economic prosperity now and in the future. Food for thought for all the 'strong on defense' hawks.
Posted by mcblogger at February 14, 2008 07:52 PM
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