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Originally Posted by alpha phi
That article doesn't mention how much of that growth
was a direct result of defence spending.
Gulf war 1 was a bonanza for the factory I worked in
the current war is responsible for their current growth as well.
My brother in law was recently hired to work on the line
that makes fuel lines exclusivly for defence dept. aerospace.
Sure that growth is great for the company and the worker,
But....back to square one...where is that money coming from?
more national debt.....better for today.....worse for tomorrow
That's OK!...spend all you want, We'll print more.
Growth is great...except when it is at the cost
of an anchor tied around the neck of the next generation.
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Well you do the google and find out if you like.
As for the debt ANY government spending you can say increases the debt. You could use the same argument for why we shouldn't do welfare spending. I note that you don't, and god knows truthout won't, its just an excuse to lament the Iraq war yet again.
Finally it refutes the truthout article (go figure) which calls into question the whole article.
I really can't wait for the next pointless truthout article to be posted on the politics forum.
Edit: and now that I think of it-
And considering last month's 3.4 percent rise in durable goods orders Wouldn't that rule out the 'war' spending?