"War is just a racket. A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small inside group knows what it is about. It is conducted for the benefit of the very few at the expense of the masses." - Major General Smedley Butler
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron." - President Eisenhower
* Permanent extension of all Bush-era tax cuts: 0.35 Source: Moody's Analytics model, Cbpp
Dollar-for-dollar, social program spending consistently produces higher economic returns than military spending or tax cuts, especially tax cuts for the wealthy.
$1 billion spent on education or transit creates more than twice as many jobs (17,687-19,795) as the same amount spent on defense (8,555). -Cigionline
In fact, military spending can actually slow economic growth over time; a 1% military spending increase can reduce economic growth by 9% over 20 years.
Zandi's analysis of 2010 tax legislation found that 90% of economic growth and job creation came from unemployment insurance extensions and targeted tax credits, while high-end tax cuts had "only very small economic impacts." - Cbpp
I know a lot of people who love to quote Smedley and Eisenhower's farewell address, and to a person they support military intervention in Ukraine. Also, people who unironically were saying "The USA shouldn't be the world police!" 10 years ago.
It's almost like supporting an ally whose sovereign territory is being violated is some kind of different situation than the US unilaterally performing military actions in a variety of locations. Amazing!
Probably not, since most of what we sent over was existing stock. The money had already been turned into weapons of war years ago. You can't really turn a gun or rocket into a loaf of bread.
Then why are you arguing with me? I was pointing out the contradiction of people who do that. I feel like you think I'm saying the US shouldn't support Ukraine. I'm all on board with the US supporting Ukraine. I'm saying the US needs a powerful military if you want it to support Ukraine, which is at odds with people who are fully behind the quotes that come from Butler and Eisenhower's farewell address.
> I am saying that support for Ukraine is pretty different from the kinds of behaviors that make people say "the USA shouldn't be the world police!"
And yet, to even consider helping Ukraine in any meaningful way, the US needs an extremely strong, modern military.
https://en.wikipedia.org/wiki/Smedley_Butler
"Every gun that is made, every warship launched, every rocket fired signifies in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. This is not a way of life at all in any true sense. Under the clouds of war, it is humanity hanging on a cross of iron." - President Eisenhower
Military Spending and Tax Cuts for the wealthy have some of the lowest economic multipliers of all government activities: https://en.wikipedia.org/wiki/Multiplier_(economics)
* Education spending: 2.4 (Federal Reserve research) Source: Federal Reserve
* Medicaid/healthcare: 2.0 Source: Congressional Budget Office Cbpp
* Food stamps (SNAP): 1.73-1.74 Sources: Mark Zandi/Moody's Analytics, Americanprogress, Manhattan Institute
* Unemployment insurance: 1.61-2.1 Sources: Blinder & Zandi; Urban Institute, Americanprogress
* Infrastructure spending: 1.0-2.5 Sources: CBO, Blinder & Zandi, Feyrer & Sacerdote, Americanprogress
* Military spending: 1.5 (average) Source: Federal Reserve
* Middle-class tax cuts: 0.6-1.5 Sources: CBO, Blinder & Zandi, Feyrer & Sacerdote, Americanprogress
* Upper-income tax cuts: 0.2-0.6 Sources: CBO, Blinder & Zandi, Americanprogress
* Permanent extension of all Bush-era tax cuts: 0.35 Source: Moody's Analytics model, Cbpp
Dollar-for-dollar, social program spending consistently produces higher economic returns than military spending or tax cuts, especially tax cuts for the wealthy.
$1 billion spent on education or transit creates more than twice as many jobs (17,687-19,795) as the same amount spent on defense (8,555). -Cigionline
In fact, military spending can actually slow economic growth over time; a 1% military spending increase can reduce economic growth by 9% over 20 years.
Zandi's analysis of 2010 tax legislation found that 90% of economic growth and job creation came from unemployment insurance extensions and targeted tax credits, while high-end tax cuts had "only very small economic impacts." - Cbpp
Jack Ma was completely correct: US wasted trillions on warfare instead of investing in infrastructure. https://www.cnbc.com/2017/01/18/chinese-billionaire-jack-ma-...