Anyone truly concerned about runaway spending must confront the issue of military spending. We don't have industrial policy like many countries whereby we directly intervene in the economy (think Japan) but we accomplish the same outcomes via military spending.

Below is an excerpt of an article by Ron Paul about the need to cut military spending, which of course means vastly scaling back our overseas military expenditures. While I find common ground with Libertarians on many of issues, I don't subscribe to their core theories of government. Full link to the article below:

Our military spending in general has grown way out of control. This is largely because fiscal accountability in military budgeting is seen, by many, as weak on defense. This is absolutely wrong and a dangerous way to think. It is certainly possible for the military to waste money, or to spend money counter productively, and indeed it has. But out of political correctness, the military has been getting blank checks from the administrations and Congress for far too long.

It is important to defend our soil, but let us defend our own soil instead of defending Europeâ??s soil. Our willingness to defend Europe enables their lavish social spending at our expense, while they criticize our model of capitalism. It is time they allocated the money for their own defense. The same goes for Korea, Japan, and other countries like Egypt and Israel.
It is also important that while our troops are in combat, our soldiers have what they need to do the best they can, even if we disagree with why they are there. It is an embarrassment that some soldiers and families have had to buy body armor at their own expense when billions are awarded to politically well-connected defense contractors for weapon systems that donâ??t work, are over-budget, and are past deadline. This is the kind of waste that needs to end. I firmly believe that there is enough waste in the military budget that we can both save money overall and at the same time be safer.

Of course, the obvious way to save money and be safer is to stop meddling in the affairs of foreign countries and just bring our troops home. This will happen eventually if our empire, like every other fallen empire, insists on spending itself into collapse. If we want to avoid this, we must look into ways to bring our costs under control. Military budgets must be on the chopping block along with everything else.

Military Spending Must Be on the Table
bigsby Reviewed by bigsby on . Military Spending Must Be on the Table Anyone truly concerned about runaway spending must confront the issue of military spending. We don't have industrial policy like many countries whereby we directly intervene in the economy (think Japan) but we accomplish the same outcomes via military spending. Below is an excerpt of an article by Ron Paul about the need to cut military spending, which of course means vastly scaling back our overseas military expenditures. While I find common ground with Libertarians on many of issues, I Rating: 5