Are we prepared to ‘right-size’ our defense commitment?

Take a look at two charts. The first comes from the International Institute of Strategic Studies, comparing the defense budgets of the 10 nations that spend the most in raw terms on their military.

defense

h/t The Big Picture at www.ritholtz.com/blog/

The second, which I compiled, compares the GDP of those same 10 countries.

Quite a difference with the chart above, correct?

gdp:defense

Pay particular attention to the bars at the far right in both charts. As the top chart demonstrates, we spend 1.5 times as much on defense as the next nine countries combined. But as the second chart illustrates, that spending is sustained by an economy that is only 40 percent as large as those of the other nine countries combined.

That first chart is a relic of a lost age when our overwhelming economic superiority more closely matched our military superiority. It also represents an imbalance that cannot be sustained indefinitely. All of those billions of dollars that we’re spending on our military — much of it to protect other countries — our competitors are spending on education and infrastructure and private investment, where the return is much much higher.

Over time, that takes a toll. However, because the image of the United States as a military colossus has become such an integral of our national psyche over the last 70 years, it’s a spell that will be difficult to break.

– Jay Bookman

455 comments Add your comment

Common Sense isn't very Common

March 22nd, 2012
5:09 pm

Bill

March 22nd, 2012
5:12 pm

Jay, perhaps you could post a link to where you grabbed those charts from.

Common Sense isn't very Common

March 22nd, 2012
5:12 pm

As our committment in Irag has ended will those dollars be removed from the military budget?

Or will we just find another war to spend them on?

Redneck Convert (R--and proud of it)

March 22nd, 2012
5:13 pm

Well, I’m OK with right-sizing our defense. I don’t think we need more than 100 million men in the army and the defense budget oughtn’t to take up more than 90% of what the guvmint takes in. If we have to I’m OK with starting the draft again so we can pay our soldiers as little as possible, the way we use to do.

Just don’t let the Terrists get me. Take away my freedom, arrest as many people as you need to, and even make me get Gay Married. Just don’t let the Terrists get me.

josef

March 22nd, 2012
5:14 pm

IMAN

Dang, Boy, them graphs, charts and colors have to be brought into focus before I can read the words, m’lord…

TaxPayer

March 22nd, 2012
5:15 pm

But Ryan says he’s gonna undo those defense budget cuts and go back to spending more and he’s gonna pay for it with more bigger tax cuts. If we all hold hands and click our heels in sync and really really really REALLY believe, there’s no place like home…

Jefferson

March 22nd, 2012
5:16 pm

Cut the pensions of the brass and let them get the same housing allowance as a enlisted man. If they want to live better that what their check is for.

ByteMe

March 22nd, 2012
5:17 pm

Defense spending is really just a giant jobs program with no place to go. So they look for places to go.

Keep Up--Te gusta losing woofinpoofs?

March 22nd, 2012
5:17 pm

Its time we cut and cut deep. But how about we just match China for a start. That will save a few trillion.

William

March 22nd, 2012
5:17 pm

“Over time, that takes a toll. However, because the image of the United States as a military colossus has become such a large part of our national self-image over the last 70 years, it’s a spell that will be difficult to break.”

Certainly, engaging in senseless wars (nation building when we we’re supposed to be nation building) does nothing to help these figures. In my opinion, we need to rethink what we spend defense money on and what military expenses we incur in the world.

Yet what may be said about our defense spending may also be said about our entitlement spending over the last 70 years. Things are out of hand; of that there can be little doubt.

Jefferson

March 22nd, 2012
5:18 pm

In a perfect world you hope defense spending is wasted, meaning you don’t have wars. The waste we have is in Cheney’s pocket.

Recon 0311 2533

March 22nd, 2012
5:20 pm

As we look at the world through an objective lens we do not lack for enemies and those with whom we have adversarial relations that could one day become our enemies. Unfortunately, if we’re to effectively remain in a position to defend our national security we will need to spend the money.

Bill

March 22nd, 2012
5:20 pm

“As the top chart demonstrates, we spend 1.5 times as much on defense as the next nine countries combined. ‘

Yep, and it keeps the rest of the world from attacking us. Just wish you and other libs could get that through your thick skulls.

On another note, Obama is Bush on steroids. More wars, more spending and more lame rhetoric.

Get ready for President Romney.

Aquagirl

March 22nd, 2012
5:21 pm

But…but….what if somebody makes fun of us and we can’t bomb them into the stone age?

Bill

March 22nd, 2012
5:21 pm

“The waste we have is in Cheney’s pocket.”

Hey look, HALIBURTON!!!!!! You left wingers are a hoot.

JamVet

March 22nd, 2012
5:21 pm

I suspect that even the more rational Republicans in their Party of Permanent War are starting to see through this “national security” charade.

Who knows?

In another thirty years, they may actually try to do something more that the tiniest thing possible about it!

(But rags is not gonna be amused…)

Jay

March 22nd, 2012
5:23 pm

Bill, I put in the link above, thanks for the reminder.

William

March 22nd, 2012
5:24 pm

“As we look at the world through an objective lens we do not lack for enemies and those with whom we have adversarial relations that could one day become our enemies. Unfortunately, if we’re to effectively remain in a position to defend our national security we will need to spend the money.”

Agreed, Recon. But I think even we conservatives should recognize and acknowledge that there is such a thing as the industrial war machine, that there is big money to be made in defense and government spending is this regard not closely watched, that we have engaged unnecessarily in wars that have costs billions of dollars and tens of thousands of lives. We need a great defense, but should obtain at good value and use it only when truly necessary. Don’t you think?

Jm

March 22nd, 2012
5:24 pm

Yes military spending needs to be cut

So does social security, Medicare, Medicaid, department of education, department of energy, etc etc etc

When liberals give up spending on the other 75% of the budget, they can then whip cons on military spending

Until then it’s just liberal BS

josef

March 22nd, 2012
5:24 pm

JAY

What? No Israel in your chart? Unh-huh, just as I thought, you’re a closet anti-Semite! :-)

Seriously, though, there is a problem here in playing policeman to the world…it’s not a popular role, either here or abroad, but it’ s ours whether we like it or not…we’re damned if we do and damned if we don’t…remember Libya? Paying attention to Syria?

And just to get the ball rolling with the anti Obamistas, but he seems to be semi-rational on the matter, which should leave him with few friends of any stripe…

Bill

March 22nd, 2012
5:24 pm

“I suspect that even the more rational Republicans in their Party of Permanent War are starting to see through this “national security” charade.”

Then again, it is Democrats who have gotten us into more wars. Some because we had to and others because well, who knows why.

Speaking of “charade” when is Obama going to close GITMO?

Bernie

March 22nd, 2012
5:25 pm

Jay, I would be satified if someone could “right size” the reporting here on the AJC. if you would take the same data of your reporting of issues about the the largest community that receives the least reporting on or about. Your charts would say similar things about the AJC. is anyone willing their to take on this challenge?

A question

March 22nd, 2012
5:25 pm

I say cuts across the board. All things can be cut in government not just defense. Wasted money is rampant!

Recon 0311 2533

March 22nd, 2012
5:26 pm

“national security charade” Ummm

Bill

March 22nd, 2012
5:27 pm

“So does social security, Medicare, Medicaid, department of education, department of energy, etc etc etc’

The department of energy and education need to end. Period.

William

March 22nd, 2012
5:28 pm

“Until then it’s just liberal BS”

Is that true, Jay? Are you willing to seriously address entitlement spending as well?

Keep Up--Te gusta losing woofinpoofs?

March 22nd, 2012
5:28 pm

if we’re to effectively remain in a position to defend our national security we will need to spend the money.

And this is the typical Republican fear card….. spend anything less and “national security” is at risk (and then it is followed by having to spend more for some new threat). Sorry, not buying the kneejerk

carlosgvv

March 22nd, 2012
5:29 pm

“it’s a spell that will be difficult to break”

It will be difficult to break, all right, but not because of any United States image. Remember when media pundits said, some years ago, we could not continue in Iraq and Afghanistan because the American people no longer supported these efforts? Well, we’re still in both countries. Why? Because The Military-Industrial-Complex is in the saddle and is riding us for every last dollar of profit there is to be made out of these wars. Big Business is an overriding part of this picture and since it totally owns the Republican Party and is well on it’s way to owning the Democrats as well, it(Business) will decide the size of our Military and when and where new wars will be fought. This will not stop untill our country is on the verge of bankruptcy and no further profit for Business will be possible.

Soothsayer

March 22nd, 2012
5:30 pm

“It also represents an imbalance cannot be sustained indefinitely.” (sense)

It also represents an imbalance that (or which) cannot be sustained indefinitely.

Contrarian

March 22nd, 2012
5:30 pm

It’s simple: we need a huge defense budget to support our war-mongering ways. Less $$ allocated to defense means less weapons and fewer soldiers which would mean fewer unjustifiably killed non-Americans. Does not compute!!!!!

Jay

March 22nd, 2012
5:31 pm

I am prepared to do so, WiIliam. We have no other choice, particularly on Medicare.

We need tax increases, defense cuts and entitlement cuts. The scope of the problem demands that we use all three approaches.

Don't Forget

March 22nd, 2012
5:32 pm

Jay,
Too bad there’s not a per capita spending chart. That would be interesting and probably drive the point home too.

stevie ray

March 22nd, 2012
5:32 pm

William,

Agreed on entitlements and analogy to defense. Both hurt the folks served. The former has devastated those who recieve which has been the case since day one. Those who have been kept down all these years need to revolt against the democrats who just want to keep the votes of the inner city and others under poverty line. The democrats like these folks just where they are…not budging and haven’t economically since they were convinced they are owed something free just because they live in a land of plenty.

Not a single soldier has died for a worthy cause since the end of WWII. Perhaps one of the genius’ on this blog can bestow me with the (any) meaningful return on our investment of lives and cash in Korea, Vietnam, Irag, Afghanistan, et al….No return whatsoever…

Misty Fyed

March 22nd, 2012
5:34 pm

Let’s do it. Right size it this year. When Europe suddenly has to pay for it’s own security, the social program utopia will be a thing of the past. Whatever success they claim as a result of their social programs such as health care will be moot when they have to field their own defense department or participate in security issues in their region.

We can use our savings to right social security and medicare.

Jay

March 22nd, 2012
5:34 pm

Fixed, Sooth.

Would this be called “crowd-editing”?

too little time

March 22nd, 2012
5:35 pm

I am a Republican, but this is where I break with them. It is high time that the defense budget was cut by 50%. Immediately…. or as soon as possible. Of course, this is going to trash a helluva lot of jobs. But the charts say it all.

We can start by closing bases in Europe. The EuroSocialist experiment only survives because the U.S. provides their national security for free.

Soothsayer

March 22nd, 2012
5:35 pm

It really is simple: the giant defense contractors own our Representatives and Senators therefore, we have outsized military spending.

Jm

March 22nd, 2012
5:35 pm

Jay’s 5:31 is what I would consider disingenuous considering he was bashing Paul Ryan up one aisle and down the other just yesterday in the 4th link down

jewcowboy

March 22nd, 2012
5:36 pm

Just out of curiosity why must entitlement spending be cut in order to cut defense spending?

Why do people try to tie them together? The are separate entities and if it is shown one or the other or both need trimming, then they should be done so independently. If you recognize defense spending needs to be trimmed, why is it a knee-jerk “conservative” reaction to ask entitlement spending be trimmed as well? And vice-verse on the left?

It seems to be just a childish version of you show me yours and I’ll show you mine.

Soothsayer

March 22nd, 2012
5:36 pm

Picky, picky, picky! Us insolent bloggers is never satisfied!

William

March 22nd, 2012
5:36 pm

“I am prepared to do so, WiIliam. We have no other choice, particularly on Medicare. We need tax increases, defense cuts and entitlement cuts. The scope of the problem demands that we use all three approaches.”

Then we are in agreement. We just need to find the right equation for all of that. I would support modest tax increases on the middle class (those just on the wealthy are a drop in the bucket), substantial cuts in spending and a concerted effort to eradicate inefficiency, waste and abuse.

Jm

March 22nd, 2012
5:38 pm

Jewcowboy

Fair question. Because the onlyway things get done in DC is when both parties jump into the river together

JamVet

March 22nd, 2012
5:38 pm

And the war got good ratings too, didn’t it? Got good ratings. Well, we like war. We like war, we are war like people. We like war, because we are good at it. You know why we are good at it? Because we get a lot of practice. This country is only 200 years old and already we have had 10 major wars. We average a major war every 20 years in this country, so we are good at it!

And its a good thing we are, we are not very good at anything else anymore. Can’t built a decent car, can’t make a TV set or VCR worth a f&ck. Got no steel industry left, can’t educate our young people can’t get health care for our old people, but we can bomb the sh*t out of your country alright?! Especially if your country is full of brown people. Oh, we like that, don’t we? That’s our hobby! That’s our new job in the world, bombing brown people! ~George Carlin

Recon 0311 2533

March 22nd, 2012
5:40 pm

William, I don’t disagree. In reference to Iraq and Afghanistan we got into nation building that prolonged the war in Iraq as it has prolonged our involvement in Afghanistan. War is a ruthless business and needs to be viewed in that context. We don’t view it that way and that has made us look worse rather than better because we never seem to have a truly well defined objective and finalized exit strategy. The world community hasn’t matured to the level of eliminating war but hopefully, at some point it will.

josef

March 22nd, 2012
5:40 pm

Keep Up

Liked that yak one…. :-)

William

March 22nd, 2012
5:40 pm

“Just out of curiosity why must entitlement spending be cut in order to cut defense spending?
Why do people try to tie them together? The are separate entities and if it is shown one or the other or both need trimming, then they should be done so independently. If you recognize defense spending needs to be trimmed, why is it a knee-jerk “conservative” reaction to ask entitlement spending be trimmed as well? And vice-verse on the left?”

Because of distrust. Republicans want to spend on defense, Democrats want to spend on entitlement programs. The crisis we are facing is too large to do them independently. Everything need to be done right away.

Jm

March 22nd, 2012
5:40 pm

Jewcowboy

Many would also can argue that as a % of GDP military spending is pretty low

Everyone has their favorite spending, they all have to be cut

And there are good arguments behind cutting entitlements anyway

Don't Forget

March 22nd, 2012
5:41 pm

William, why do the rich get a pass on the issue. If the people most able to make a sacrifice are unwilling to do so, how will you get ANYONE else to go along?

Misty Fyed

March 22nd, 2012
5:41 pm

I’m glad we could bring that great philosopher George Carlin into the debate. I was wondering what he had to say.

josef

March 22nd, 2012
5:42 pm

jewcowboy

When, for the love of G-d, are you gonna quit that logic and proportion thing…jeeeze, Louise, read the damned memos! :-)

Jm

March 22nd, 2012
5:42 pm

As someone recently said: our government spending and country are run by a bunch of dead people literally

No one is at the helm, government is on autopilot and headed for an iceberg

barking frog

March 22nd, 2012
5:43 pm

Right sizing is needed.
No land bases in Europe
and more nuclear subs
and carriers.

Misty Fyed

March 22nd, 2012
5:44 pm

“the rich get a pass?”. The rich already pay the VAST majority of all income taxes.

When are the rest going to sacrifice just a little?

We multigazilionairres would have no problem providing more just as long as everyone head to contribute.

josef

March 22nd, 2012
5:45 pm

BROSEPHUS

When you check in, Gibbon anyone?

JamVet

March 22nd, 2012
5:46 pm

That’s great fyed, here’s some more for you to enjoy…

I got this real moron thing I do, its called thinking and I am not a very good American, because I like to form my own opinions! I don’t just roll over when I am told to. Sad to say most Americans just roll over on command. Not me. I have certain rules I live by. My first rule: I don’t believe anything the government tells me. Nothing. Zero.

Nope. And I don’t take very seriously the media or the press in this country who in the case of the Persian Gulf war were nothing more than unpaid employees of the Department of Defense and who most of the time, function as kind of unofficial public relations agency for the US government. So I don’t listen to them and I got to tell you folks, I don’t get all choked up about yellow ribbons and American flags. I consider them to be symbols and I leave symbols to the symbol minded.

TaxPayer

March 22nd, 2012
5:46 pm

I hate to pull out facts and numbers and such because I know it drives the Republicans crazy but here goes:

In 2010, some key fed outlays were:

Defense: 705 billion
Social Security: 707 billion
Fed retirees/veteran benefits: 245 billion
Medicare/Medicaid/Chip: 732 billion
Interest on the debt: 196 billion
The rest: 881 billion

Meanwhile fed revenues were:

from Individual Income tax: 899 billion
from Corporate Income tax: 191 billion
from Payroll tax: 865 billion
from Excise and other tax: 208 billion
from deficit spending: 1300 billion

The first thing the Republicans are gonna do in their perfect world is cut corporate taxes more and then cut taxes on the wealthiest more. Then, they’re gonna eliminate deficit spending. Next, they’re gonna increase defense spending while not doing anything to mess with our almost AAA rating or rock the boat with the social security dependents. The only thing missing is how the hell they is gonna work these miracles. I guess you just gotta have faith because you sure ain’t gonna do it with math or science or anything reality-based.

Keep Up--Te gusta losing woofinpoofs?

March 22nd, 2012
5:47 pm

josef, well at least the alleregy drugs are not impairing all my thoughts even though killing my typing skills and grammer. :D I’ll have to check Funk & Wagnall’s porch for the sealed mayo jar for more :D

Don't Forget

March 22nd, 2012
5:47 pm

William

March 22nd, 2012
5:48 pm

“William, why do the rich get a pass on the issue. If the people most able to make a sacrifice are unwilling to do so, how will you get ANYONE else to go along?”

I never said that. I have no problem taxing someone like Johnny Depp (who, by his own admission, makes “mad” money) far more. But rich people who are verifiable job creators (that is, they own or invest in a business or businesses) should be given a break, because they are using money to help all of us. I have never understood why the Republicans don’t make this distinction – they seem to indiscriminately give a tax break to ALL wealthy people, whether they actually create jobs or not.

Jm

March 22nd, 2012
5:49 pm

Taxpayer here’s a fact for you

Military spending is less than 5% of GDP

Near a historic low and not insane relative to history

Now I think it needs to be cut too

But don’t pretend that you’re the only one with facts

TaxPayer

March 22nd, 2012
5:52 pm

jm,

you’re so full of… facts. How about something useful like balancing that budget using the Republican plans. Take you pick regarding which one. How about Ryan’s yellow brick roadmap. Go for it.

JKL2

March 22nd, 2012
5:53 pm

Way to stay classy OWS…

http://now.msn.com/now/0322-occupy-human-waste.aspx

Why didn’t the Tea Party think of this? No wonder the Republicans are losing ground.

Get Real

March 22nd, 2012
5:53 pm

Let’s just eliminate defense all together Jay. Would that make you happy???

josef

March 22nd, 2012
5:53 pm

Keep Up

These blasted allergies and the drugs…I’m begging Unmentionable to do a rain dance…

Jay

March 22nd, 2012
5:53 pm

You’re being silly, Real.

barking frog

March 22nd, 2012
5:53 pm

We own the world and
we need to collect our
rent.

josef

March 22nd, 2012
5:55 pm

William

Not at all being snarky, but why Johnny Depp?

Get Real

March 22nd, 2012
5:55 pm

You got me, in the Crown room waiting for a flight….blame it on Dewars

Old Timer

March 22nd, 2012
5:56 pm

It seems every conservative wants to cut “entitlements.” They’ve had that intense desire, without the aid of Viagra, to go after Social Security and Medicare since the late 1930s.

You want to cut Social Security and Medicare? Fine. Then cut the payroll taxes you take out of pay checks by a proportional amount. These two programs are supposed to be self-sustaining. Yet, you seem to have no problem in diverting those withholding taxes to pay for your wars and a bloated defense department—and then you whine about the programs they’re borrowed from. Raise your own income taxes to make up for the cuts in SS and Medicare taxes. You’ve been freeloading long enough.

JamVet

March 22nd, 2012
5:56 pm

I see that the scatologically obsessed JKL2 is here and has dropped a load…

Misty, here is the philosophical ending that you’ll really enjoy.

Now to balance the scale I would like to talk about some things that bring us together. Things that point out our similarities instead of our differences, because that’s what you have been hearing in this country. Our differences that is all the media and the politicians are ever talking about things that separate us, things that make us different from one another.

That is the way the ruling class operates in any society. They try to divide the rest of the people. They keep the lower and the middle classes fighting with each other, so that they the rich can run off with all the f&cking money. Fairly simple thing, happens to work. You know, anything different that is what they are gonna talk about. Race, religion, ethnic and national background, jobs, income, education, social status, sexuality, anything they can do to keep us fighting with each other so that they can keep going to the bank.

Or is that class warfare 1980s style? LOL…

Contrarian

March 22nd, 2012
5:56 pm

Jm – Disingenuousness is your stock in trade. Ryan’s “budget” is skewed very much in favor of one side of the aisle only.

Soothsayer

March 22nd, 2012
5:57 pm

“These blasted allergies and the drugs…I’m begging Unmentionable to do a rain dance…”

Natural (raw — i.e., not pasteurized — the brown stuff), locally produced honey works better although not as quickly. Not to mention it tastes pretty good, too.

Jay

March 22nd, 2012
5:57 pm

blame it on de wars, Real?

Yeah, they’re a big part of it all right.

Soothsayer

March 22nd, 2012
5:59 pm

Scatologically obsessed Now that’s a good one!

Jam-man, how do you do it?

Don't Forget

March 22nd, 2012
5:59 pm

Williiam puleeze. The reward for a successful business is profit just as the reward for labor is a wage or salary. All should be taxed and labor is just as important as capital, period. If business’s were altruistic (maybe that’s not what you were implying) we’d have a lot fewer jobs sent to China etc. I believe in a favorable environment for business, especially the small ones since they create most of the new jobs but business taxes only affect return on investment. They do not affect whether or not there’s a profit to be made.

TaxPayer

March 22nd, 2012
5:59 pm

By the way, jm. Since you like percentages, that 705 billion in defense spending accounted for 33% of the total fed receipts. Or, that defense spending, which is guaranteed by the constitution (I know, that is kinda funny when you think about it), accounts for 78% of individual incomes tax collections.

A question

March 22nd, 2012
6:00 pm

Jay, now tell Old Timer he is being silly…

Keep Up--Te gusta losing woofinpoofs?

March 22nd, 2012
6:00 pm

josef, I am with you on the rain dance. The drizzle today just is worthless. Its been a struggle for me all week. I think I missed where Jay proposed no natl security spending. Oy vey.

Soothsayer

March 22nd, 2012
6:03 pm

josef

March 22nd, 2012
6:03 pm

Sooth

Gimme drugs! For that matter, I’ll even shake a chicken foot and chant a few curses if that’ll do any good! And BTW we use honey as a sweetner hereabouts….not so much for the Granny cure as for the taste,,,my grandparents kept beehives for the orchards…love that stuff…

ld

March 22nd, 2012
6:04 pm

You have more balls on your chart than members of Congress do when it comes to doing the right thing.

William

March 22nd, 2012
6:06 pm

BTW, everyone: I recently saw an interview with David Stockman conducted by Bill Moyers (yes, I will even watch his show from time to time) about crony capitalism. It was in advance of the publication of Stockman’s upcoming book on the subject. You should all watch it if you haven’t already. He claims it all began with Clinton, was continued by Bush and now Obama, and that capitalism has now been fundamentally changed.

josef

March 22nd, 2012
6:07 pm

SOOTH
Mississippi is just e pluribus unum and as Granddaddy always said, before taking offense, consider the source… :-)

JamVet

March 22nd, 2012
6:08 pm

Sooth, it’s just one of my many useless talents!

William I believe your 5:48 is classic trickle down economics, yes?

And as I occasionally (LOL) toss a barb or two at my Republican friends, I think I have found the perfect Youtube to be played at their upcoming convention in Tampa.

They could just play this over and over on a large screen in front of the TB Times Forum…

http://www.youtube.com/watch?v=FpsaQq0Of2U

Bud Wiser

March 22nd, 2012
6:08 pm

Are “we” ready?

Interesting viewpoint from a political party that wants to always protect those who burn the flag; why not just do this – burn all uniforms, toss all weapons into the ocean (after clearance from EPA), sit around in a large smelly circle, holding hands and singing ” I’d like to teach the world to sing, in perfect harmony…..”

Maybe when the USA stops being the police of the world, we can be like, say, Greece.

William

March 22nd, 2012
6:09 pm

“William. Not at all being snarky, but why Johnny Depp?”

Because I read an article in which he was bragging about how much he made and that it wasn’t really right. So…let’s accommodate him, huh?

Bernie

March 22nd, 2012
6:12 pm

Tyavon, through the outrage and support of many who care for you. we wanted to let you know that the POLICE CHIEF that allowed your MURDERER to walk away scott free. That Police Chief is now going home and sit down for awhile and reflect on how he did not serve or protect you.

Don't Forget

March 22nd, 2012
6:14 pm

JamVet

March 22nd, 2012
6:14 pm

…that wants to always protect those who burn the flag…

Bud, take it up with the Founding Fathers and that uncomfortable Bill of Rights…

William

March 22nd, 2012
6:14 pm

“Williiam puleeze. The reward for a successful business is profit just as the reward for labor is a wage or salary. All should be taxed and labor is just as important as capital, period. ”

The one power I think government should exercise in managing the economy is the power to incentivize desirable behavior (like the mortgage deduction). So, to promote investment in business by wealthy individuals, I think it is prudent to incentivize that. Incentives work a whole lot better than penalties. Just ask Pavlov.

Common Sense isn't very Common

March 22nd, 2012
6:15 pm

Jay – Since you are a Bourbon guy what do you know about de war(s) :-)

Guy Incognito

March 22nd, 2012
6:15 pm

With the exception of Russia and probably Brazil, don’t we supplement all the othe countries defenses?

I also believe in closing our Euro bases, save maybe Ramstein

kayaker 71

March 22nd, 2012
6:16 pm

the baddest guy on the block has to spend a little more.

Guy Incognito

March 22nd, 2012
6:18 pm

Jay is into Bourbon? Huh, common ground. Only 7 days until the wife and I spend 4 days on the Bourbon Trail. 7 distilleries in 4 days:)))))

Common Sense isn't very Common

March 22nd, 2012
6:20 pm

William@5:48 pm

But rich people who are verifiable job creators (that is, they own or invest in a business or businesses) should be given a break, because they are using money to help all of us. I have never understood why the Republicans don’t make this distinction – they seem to indiscriminately give a tax break to ALL wealthy people, whether they actually create jobs or not.
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OMG someone mentions raising taxes on the non job creators!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Have him lined up against the wall, he must be a LIBERAL :-)

Don't Forget

March 22nd, 2012
6:20 pm

William, Pavlov’s dog only salivates when he’s hungry no matter how hard you ring that bell. Profit is the bell for investors.

Bernie

March 22nd, 2012
6:20 pm

James Craig Anderson – Rest in Peace. Your memory is not forgotten.

A few of your killers were convicted yesterday. James was killed by a group of drunken white teenagers in Misssissippi in June during the commission of HATE CRIME.

Jm

March 22nd, 2012
6:20 pm

Taxpayer

Deduction elimination

Or Simpson Bowles

Obama didn’t like Simpson Bowles so that is dead tho

William

March 22nd, 2012
6:20 pm

“It seems every conservative wants to cut “entitlements.” They’ve had that intense desire, without the aid of Viagra, to go after Social Security and Medicare since the late 1930s.”

Wow…do you work for Joe Biden (you know, the man who said Roosevelt addressed the nation on television after the great crash of 1929)?

Don't Forget

March 22nd, 2012
6:22 pm

The term “job creator” is merely a statement of status. Period.