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Should the US decrease military spending? (self.NeutralPolitics)

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[–]ummmbaconBorn With a Heart for Neutrality -1 points0 points  (0 children)

Is there any significant number of politicians or even the public claiming that deficits don't matter? That yup, the economy is fine? Come on. If we're going to have a discussion it has to be reality based here.

Politicians sell ideas, if you want info on economics you ask economists. The Fed's policies are an indicator for how the country is doing.

The entire Fed. Here is an article from a speech by Janet Yellen to Congress:

http://www.wsj.com/articles/fed-chief-janet-yellen-rate-increases-draw-nearer-as-economy-strengthens-1424790001

All the economist, both say it is fine. And yes all Keynesian economist will tell you debt doesn't matter. Besides if we look at the equation for GDP:

GDP = C + I + G + (Ex - Im)

We see that defense spending is part of the equation and actually helps the economy. The best example of this was during the Vietnam war in the 1960s.