2 ms·
Why on Earth would they dig up an extra trillion dollars? The war hawks and the Keynesian economists got together over a decade ago[1] and realized you can fin
by criley 14y ago
Why on Earth would they dig up an extra trillion dollars?
The war hawks and the Keynesian economists got together over a decade ago[1] and realized you can finance an entire war on debt.
The Keynesians get a massive stimulus and the war hawks get their war. Conservatives (except for libertarians) won't speak up, and democrats (except for progressive liberals) won't speak out so long as the white house has a "(D)" in residence. And lets be honest, libertarians and prog. liberals are among the most ignored demographics in Washington.
So, all in all, sounds like something Washington can get unify around to prove they can work together. War, it's a win for partisan politics!
[1] In all honesty, the realization that you could blow up the budget and call it stimulus happened longer than a decade ago, I'm just being pithy and referring to the fact that Iraq/Afghanistan were kept off of the official books for years and years and obviously completely unfunded except by debt-financed deficit spending.
- apendleton 14y agoWhat makes you think this is a recent realization? World War II was financed in large measure with war bonds, which are also just debt.