Liberal Democratic Rep, Barney Frank, says, "Cut the MIlitary Budget".... [View All]

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"Sadly, self-described centrist and even liberal organizations often talk about the need to curtail deficits by cutting Social Security, Medicare, Medicaid and other programs that have a benign social purpose, but they fail to talk about one area where substantial budget reductions would have the doubly beneficial effect of cutting the deficit and diminishing expenditures that often do more harm than good. Obviously people should be concerned about the $700 billion Congress voted for this past fall to deal with the credit crisis. But even if none of that money were to be paid back--and most of it will be--it would involve a smaller drain on taxpayer dollars than the Iraq War will have cost us by the time it is concluded, and it is roughly equivalent to the $651 billion we will spend on all defense in this fiscal year.

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"Spending on military hardware does produce some jobs, but it is one of the most inefficient ways to deploy public funds to stimulate the economy. When I asked him years ago what he thought about military spending as stimulus, Alan Greenspan, to his credit, noted that from an economic standpoint military spending was like insurance: if necessary to meet its primary need, it had to be done, but it was not good for the economy; and to the extent that it could be reduced, the economy would benefit.

The math is compelling: if we do not make reductions approximating 25 percent of the military budget starting fairly soon, it will be impossible to continue to fund an adequate level of domestic activity even with a repeal of Bush's tax cuts for the very wealthy."

http://www.thenation.com/doc/20090302/frank

I am glad to hear Democrats from the Liberal Wing finding their voices.

It is immoral to discuss cutting Social Programs ("Entitlement Reforms")while continuing to spend obscene amounts on the Military.

Thank You, Barney Frank