War Spending Weighs Down Our Genuine Progress
If we want to fix this economy we have to get out of the Iraq war. Full Story »
Posted by Jon RaymondReview
This is a thoughtful analysis comparing the measures of GDP and GPI, which experts say is more accurate.
We don’t hear Bush, McCain or any of the other neocons talk about the fallacy of the GDP, or that war spending keeps it on the rise, while our balance sheet minus war spending looks a whole lot more like a recession. But we do hear Obama talking about getting out of Iraq and how this immense expanse is draining our economy.
McCain is a war monger and will drive our economy down to perpetually fund war and it’s profiteers.
Defense spending goes into weapons that are expendable. When we go to war we take massive stocks of equipment and basically throw them away, or blow them up. What production or constructive result comes out of war that benefits U.S. citizens? Nothing.
War is destructive, not constructive. It is sapping our economy.
Disclosure: Jon is involved in this story as the author (review not included in overall rating).
Jon posted this story.
The GDI is inflated by war spending, which has no real effect on our national economy except for the who profiteer from war.