This comment is from Jonathan G on the post Who Creates Jobs (and Other Critical Questions)
I just had to say that I DO know that bankrupting the United States was Osama bin Laden’s master strategy. How do I know? He said so. Repeatedly.
In his propaganda videos.
The ones that Pres. Bush and the mainstream media dismissed out-of-hand out of some warped belief that understanding the enemy is the same as sympathizing with the enemy.
Half of the Federal discretionary spending goes to military and security spending. From macroeconomics I learned that there are two kinds of spending: 1. Investment spending, which increases a society’s future productive capacity, and 2. consumer spending, which meets people’s present needs and desires. I would add a third kind: The kind that actively decreases a society’s future productive capacity (over and above the usual opportunity costs), e.g. current U.S. military and security spending.
The U.S. wouldn’t have to fight against people who fight us because they dislike us fighting them, if only we stopped fighting them. So, we’re not as broke as we think, if we would only decide not to be.
photo: christian delgado bejarano / flickr