- Capitalism and Alternatives -

Dodge-value

Posted by: Samuel Day Fassbinder ( Pomona Valley Greens, USA ) on September 12, 1997 at 15:48:23:

In Reply to: shock-value posted by Mike Bednarz on September 11, 1997 at 11:48:00:

> Yes, some money that was borrowed to create the debt went to military
> spending, but not nearly all of it. Besides what are you suggesting?
> Defaulting on bond payment?

How about taxing the defense industry to pay for it, while cutting the government's ties to the new company being formed by the merger of Boeing and Lockheed?

> The debt today is mostly built out of intrest on itself; sure some of it

the Web page I gave above specified that 80% of the debt was due to military spending. "Due to interest on itself" is a dodge. We do not go into debt because we like to pay interest, but because we buy things with money we do not have, and the US Government bought billions of dollars of weapons with money it didn't have, in the 1980s.

> is from old defense spending, but the whole 25% Intrest figure is used only
> for shock-value.

Go back and read the link. It said 80%. Even if you accept the "analyst" figure also mentioned in the Web site, that makes military spending 40% of the Federal Budget. Do you have any counter-evidence showing the exact number?




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