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That may be true, but so does other form of spending, like funding space programs or just funding scientific research directly.
by kiba 9y ago
That may be true, but so does other form of spending, like funding space programs or just funding scientific research directly.
- mywittyname 9y agoAgreed, but the OP said that giving a trillion dollars of borrowed money to the military would impoverish the nation in the long run. My counter-argument is that that money will still find its way into places that truly drive economic, technological, and productivity growth. And if the ROI from that is greater than the cost of the debt, the nation will not be impoverished, but will be better off. I agree that its not the most efficient means of investing in these things, but it is a way that has worked in the past.