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This used to be more effective, before consumer goods manufacturing was exported to low labor cost countries, but it would still help the domestic service based economy by providing relatively high wage jobs and injecting purchasing power into the base of the economy.
As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
broadening the horizon a bit, that same money could be used to fund all manner of civilization-enhancing technologies and projects, including even the arts. with far more payback.
humanity ain't gonna advance while it keeps funding old-school death. 'specially not as the oceans die off, and the nutrient-depleted topsoil washes away.
if i had 1/100th of amurka's military budget to spend for ten years, we'd have floating windmills producing hydrogen being deployed around the world in year 11.
"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
Better than buying and dropping bombs at least.
But they do them both at the same time. The classic Reagan get what you give motif: finance both Iran and Iraq to kill each other, hiding the addicted wife while buying and selling drugs to finance munitions prohibited by Congress, spend massive amounts of money for carriers, battleships and planes while kicking off the faux dream of missile defense.
27 years later they still have failures with beacon-blaring targets.
The only spin-off so far is a good laugh or two from the one or two comedians keeping track.
Happy Cuban Missile Crisis Anniversary.
Never underestimate their intelligence, always underestimate their knowledge.
Frank Delaney ~ Ireland
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