I don't want to take sides in the main issue being disputed here, but
merely point out that the following remark is mistaken :
Second, where is the money to pay for these tanks coming from? It's a depression,
and tax revenues are in the toilet.
Economists have understood since the mid-30s that the SOLUTION to
depression is for government expenditures to EXCEED tax revenues.
That creates employment, and thus income, and is the way out of the
depression.
Indeed, it was the spending on military build-up that brought the
economy out of the Great Depression of the 1930s.
(This is not to deny the role of other measures, such as monetary
policy, in combatting depression.)
vince norris
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