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Politics : American Presidential Politics and foreign affairs
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To: RMF who wrote (36778)9/4/2009 2:59:47 PM
From: TimF  Read Replies (1) of 71588
 
If defense is only 5% of GDP then the stimulus is only 7% of GDP.

So the stimulus is bigger, and its also new/additional, pork laden, and creates a lot of perverse incentives for the economy. The defense spending might in a sense be a waste of money (Uses of it you think are negative would obviously be something you consider waste, and capability that isn't used is in a sense waste, OTOH in that same sense so is your home insurance if nothing happens to your house), but a waste of money is better than using money to actively produce negative domestic results.
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