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Politics : PRESIDENT GEORGE W. BUSH
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To: Thomas A Watson who wrote (462981)9/22/2003 4:02:24 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
Idiot identified: TAW.

Try taking a course or two in economics, Tommie. You'll find the velocity of money from government spending is lower than the velocity from private spending.

You will also find that the velocity of money from military spending is at the lower end of the range of velocities obtained from various forms of government spending.

National security is priceless but the economic impact of said spending is measurable... and it provides less stimulus to the economy than other forms of spending. (Lower 'velocity'. Each dollar turns over fewer times.)

So... as a form of economic stimulus, military spending is less valuable than other forms of spending... but as a reaction to real security weaknesses, and in furtherance of necessary defense, it is priceless.
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