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#1
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Economically, you cannot slash Defence spending as it is a major employer, both in terms of military personel, and engineering, manufacturing and related industries. Defence is a 'clever' part of the economy as it requires extensive R&D, and the technology then flows into general use.
Remember that Germany grew her economy in the 1930s by two main methods: nation-building (infrastructure etc) and military expenditure. This gave them a massive advantage early in WWII. What the USA needs to do is get the money-go-round happening again. And reduce the power of the states and adopt a small-government policy (as governments waste money). And just chisel away at all government expenditure, trying to find at least a 15% saving in every department. And cut subsidies for agriculture to make your farmers almost as efficient as us Australians... |
#2
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As for your point about slashing defense spending, I could not disagree more. The solution is simple: reemploy people in public works and human services, and watch the economy soar as the social benefits accrue to everyone, not just some rich military-industrial-complex fat cats and the politicians in their pockets. |
#3
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Granted, the USA does spend a heck of a lot of dough on military engagements though... |
#4
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Oh, and why should small family farmers in the USA (or Europe) get subsidies? Australian and New Zealand farmers get no subsidies so we live by the manta "get bigger and cleverer or get out". That's why we run quad-roadtrains, 80ft wide airseeders and 150ft wide spray rigs so we can have big farms without employing labor. That's the joy of capitalism, minimal government help means minimal government interference and therefore maximum productivity.
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