Republicans generally argue for low taxes and limited government spending with the exception of defense spending. Generally, the argument is protection of individuals to live free and act as profit-maximizing capitalists. The defense spending is justified as a means to protection only, not economic stimulus.
Beyond the stimulus, defense spending seems to be particularly well-aligned with Republican economic ideas: 1) since government's are the sole purchasers of military equipment - they are best positioned to act in a utility-maximizing way, 2) The spending does not crowd out private investors, and 3) (related to 1 and 2) the money is a pure stimulus to the economy.
There are probably other reasons as well. I never thought of it this way - I suspect many others are the same. Thought I'd share.
Friday, February 27, 2009
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