[quote=Hobie]It was suggested that the stimulus was not enough and it would be a good thing to reduce defense spending to zero.
I would say it is how the stimulas was spent rather that the amount. If was to have a stimulas effect government spending needs to provide the infrastructure, R & D funding for new technology, etc. The interstate freeway system is a great example of good use of govermnment spending easily showing a return on investment.
Regarding the defense spending I would sure like to know of the end point our foreign wars. Don’t like to read about so many American lives being lost without a defined objective. Wouldn’t it be great if our president took the lead on this?
So lets save money and lives and stop the war but continue to fund defense technology spending. There are many benefits to defense spending. Look at all the spinoffs from original defense spending. GPS is one and rocket technology for satellites just to name two.
This is both dems and repub not applying stimulas where it will help grow an economy.[/quote]
I agree with you about where the stimulus money was spent. About 1/3 of it was tax cuts, which did serve to stimulate consumer spending. Only about 15% was infrastructure andless than 5% R&D. That should have been more. It helped, but it was insufficient. Most of the rest was emergency funding, some of it essential, some not so much.
As to the defense spending, I’m not sure where anyone recommended it be cut to zero.
