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More Guns, More Jobs
Confederate Yankee —
More Guns, More Jobs Martin Feldstein, a Harvard economics professor and chairman of the Council of Economic Advisers under President Reagan, opines in the Wall Street Journal that an increase in defense spending would provide much-needed economic stimulus: A temporary rise in DOD spending on supplies, equipment and manpower should be a significant part of that increase in overall government outlays. The same applies to the Department of Homeland Security, to the FBI, and to other parts of the national intelligence community. The increase in government spending needs to be a ...
Hey, Big Spender
Weekly Standard Blog —
... Don't miss Martin Feldstein's Wall Street Journal op-ed calling for additional defense spending as part of next year's economic stimulus bill. ...
Top Headline Comments 12-24-08
Ace of Spades HQ —
... on abuses at the FLDS Yearning for Zion Ranch. DFPS says it was required by law to intervene based on the information it had. FLDS responds that the Texas agency is just covering itself and needs to learn how to apologize. The criminal cases are ongoing: nine men in total have been indicted for crimes ranging from sexual abuse of a minor to bigamy and failure to report child abuse. Martin Feldstein, writing in the Wall Street Journal, suggests that defense spending would be excellent economic stimulus . Defense spending will be more useful in the long run and less ...
Article of the Day...
Theo Spark —
The President Comforts a Marine Mom. H/T Shelly also... Defense Spending Would Be Great Stimulus. I couldn't agree more. Someone should tell the twit in Number 10.
Want A Good Economy? Prepare For War
Pat Dollard | Young Americans —
WSJ:
Defense Spending Would Be Great Stimulus
All three service branches are in need of upgrade and repair.
By MARTIN FELDSTEIN
The Department of Defense is preparing budget cuts in response to the decline in national income. The DOD budgeteers and their counterparts in the White House Office of Management and Budget apparently reason that a smaller GDP requires belt-tightening by everyone.
That logic is exactly backwards. As President-elect Barack Obama and his economic advisers recognize, countering a deep ...
Military Spending as an Economic Stimuli
PoliGazette —
... Martin Feldstein says that the planned budget cuts at the Department of Defense shouldn’t happen. At first read the idea seems ludicrous. The U.S. already has a huge budget deficit caused in large part by excessive military spending. But Feldstein argues that depleted supplies and overworked equipment should be replaced now and that doing so would help to stimulate the economy. It’s true that defense spending will help maintain or even add jobs in that sector. But can that really be considered a priority when jobs are being eliminated by ...
Reasons I Haven't Needed to Post
Angry Bear —
... David Warsh's reputation by openly declaring that the major Bush administration policy initiative was a complete failure, and that a dollar spent with a multiplier of at best 1.0 should be preferred to investments with spillover effects into private industry (and therefore ...
Are you ready for some Hoglets....Monday Night Hoglets
Newshoggers.com —
... At a time when city and state governments are collapsing, amping up
the DoD is not the right move. Gutting most of it investing in core
governance stacks that actually work is a much better idea. ...
Gates of Vienna News Feed 12/30/2008
Gates of Vienna —
... Defense Spending Would be Great Stimulus The Department of Defense is preparing budget cuts in response to the decline in national income. The DOD budgeteers and their counterparts in the White House Office of Management and Budget apparently reason that a smaller GDP requires belt-tightening by everyone. That logic is exactly backwards. As President-elect Barack Obama and his economic advisers recognize, countering a deep economic recession requires an increase in government spending to offset the sharp ...
Feldstein on Stimulus
Weekly Standard Blog —
... to combat the recession. Last December, Feldstein wrote in the Wall Street Journal that "a temporary rise in DOD spending on supplies, equipment and manpower should be a significant part of that increase in overall government outlays." Thus the idea of ...
Obama Planning to Slash Defense Budget
PoliGazette —
... These proposed cuts are not a good idea for national security purposes, needless to say. Neither are they good from an economic stimulus perspective. Some economists, including Martin Feldstein of Harvard, say that defense spending is one of the best ways to ensure that stimulus money hits the economy quickly. ...
