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Must Reads: Military Keynesianism and Government Failure

By Sara Scarlett
October 7th, 2010 at 1:45 pm | 5 Comments | Posted in Must Reads, US Politics

Two brilliant articles have surfaced recently. One by the excellent Freeman Magazine pointing out, quite rightly, that American Conservatives are actually Military Keynesians and in surprising agreement with them is Keynesian Economist Paul Krugman. They advocate spending a ludicrous amount on Defense, in a manner wholly unrelated to foreign policy and defend it even if it’s so obviously for the purposes of gerrymandering (e.g. Rep. So-and-so has a military base in his district) under the pretense that anything that keeps America safer is a good thing.

But this brings us to the issue of the Tea Party. If this highly diverse and scattered group of (justifiably) angry economic liberals are not just Conservatives by another name then they surely will speak out in the loudest terms about America’s bloated Defense budget:

So listen up tea partiers! Slashing military spending will not only shrink government and help put us on a path to fiscal responsibility while stripping unaccountable, fat-cat defence contractors of hundreds of billions in corporate welfare. It will also strip foreigners, many of whom speak ridiculous languages, of large defence subsidies paid out of your pocket! What’s not to love?

I don’t quite know what to think about the Tea Party movement yet but I imagine wasteful and counter-productive policies like the Defense budget and drug prohibition with prove whether they are really true economic liberals or disgruntled Republicans by another name.

My second article was originally published in 2008 but is just so funny, I thought – since it was doing the rounds – I’d post it again. 5 Government Programs That Backfired Horrifically . Any article that contains this observation:

Have you ever tried to make steel at home? Does that seem like a retardedly impossible thing to do? Congratulations, you are smarter than Chairman Mao.

Must be read and revisited often.