Comments on: What about military spending trends considering the effects on dollar value?

By: Warren T

Warren T — Sun, 21 Feb 2010 17:19:59 +0000

Unfortunately what you spend on the military is determined a lot by what your enemies are spending. The trouble is that if we were as willing to sacrifice lifes as much as some of our enemies are we probably wouldn't need to spend as much as we do.
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By: donfletcheryh

donfletcheryh — Sun, 21 Feb 2010 16:56:59 +0000

The nationalistic objective right now is to keep the US dollar in decline relative to outside currencies. This is first and foremost to correct trade imbalances. But it also induces those who hold US debt to offer to sell it for less, thus reducing US debt by inflation.

Yes, getting people to sell US bonds at a discount does cut US debt as readily as taxing and paying that money to buy bonds at a premium.

USA does not want its currency to go into free fall, but just on a soft landing course. Using new currency rather than selling bonds to the world to finance military adventurism is helpful only insofar as it keeps the military-industrial complex working and so happy. Cutting that spending would put a lot of angry workers on the streets. Did we think 8% unemployment was bad?
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By: AA

AA — Sun, 21 Feb 2010 16:16:59 +0000

http://www.marketoracle.co.uk/index.php?… Um, no Obama has increased defense spending (to someone above). http://www.politifact.com/truth-o-meter/… 10 minutes ago
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By: DAR

DAR — Sun, 21 Feb 2010 15:50:59 +0000

http://www.marketoracle.co.uk/index.php?name=News&file=article&sid=11982 Um, no Obama has increased defense spending (to someone above). http://www.politifact.com/truth-o-meter/statements/2009/apr/13/keith-olbermann/olbermann-right-about-base-defense-spending/
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By: Metroguy

Metroguy — Sun, 21 Feb 2010 15:32:59 +0000

The value of the US Dolar on the world maarket set aside, Obama has all ready cut defense spending. Things have come into crystal clarity....
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