My understanding is that the neo-con economic plan states differently. If we were to look at the deficit as a short term loss then we could see our current economic upswing as a mid to long term gain. The idea is that one makes perpetual war and therefore constantly increases the need to for the military-industrial complex and via that stimulates the economy for private interests which in turn is supposed to be an overall gain for the economic interest of our citizens.
We have done this at length for about half a century and many think it's the reason for our market dominance. The last time this happened to this extent was during the Regan Era.
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branchandroot
While I tend to agree with you,
Date: 2005-02-09 08:35 pm (UTC)My understanding is that the neo-con economic plan states differently. If we were to look at the deficit as a short term loss then we could see our current economic upswing as a mid to long term gain. The idea is that one makes perpetual war and therefore constantly increases the need to for the military-industrial complex and via that stimulates the economy for private interests which in turn is supposed to be an overall gain for the economic interest of our citizens.
We have done this at length for about half a century and many think it's the reason for our market dominance. The last time this happened to this extent was during the Regan Era.