Extra War Money Requested
On April 9, President Barack Obama requested an extra $83.4 billion for the wars in Iraq and Afghanistan. The president does not use the term ‘war on terror’, but that is just another semantic ruse that he has perfected. This misallocation of additional funds, while not surprising, marks another sad day for peace and liberty.
Along these lines, I am amazed still to hear people discuss war spending as some sort of economic perquisite. As most Austrians know, Frederic Bastiat’s broken window parable in That Which Is Seen and That Which Is Unseen (popularized by Henry Hazlitt) demonstrates this fallacy. War spending represents money that cannot be allocated to other resources (food, shelter, technology, whatever). While certain sectors of the economy benefit (my friend at Lockheed Martin perhaps), those immediate benefits are scored at the expense of the rest of the economic agents down the line.
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Has Obama not seen Rambo 3. Those Afghans are tough. How many troops did the Russians send in…302,000 and that was not enough!
Teacherman, I would like to point out that some funding was cut for the F22, however I did hear they were doubling funding for the next generation fighter jet, something like the F Thirty something, but I can find an article verifying it.
WASHINGTON, April 6 (UPI) — The 2010 Pentagon budget proposal axes funding for the F-22 fighter jet — costing about $140 million each — U.S. Defense Secretary Robert Gates said Monday.
However I am sure General Dynamics and Force Protection will benefit. They make vechicles that remove IEDs.