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Of all the industries in line for a handout in this financially frightening time, the defense industry would seem to bring up the rear. After all, most defense companies saw their profits spike as the U.S. defense budget reached historic heights in recent years. Yet the economic crisis has apparently renewed some people’s concept of the Defense Department as a giant jobs program. This argument recently found a venerated voice in Martin Feldstein, a former Reagan administration economist now serving on president-elect Barack Obama’s economic team. In a Wall Street Journal editorial published on Christmas Eve, Feldstein argues that plowing an extra $30 billion into DOD would produce 300,000 jobs. With all due respect to Dr. Feldstein, his reasons do not reflect the well-documented realities of the Pentagon budget.
Feldstein recommends a “short-term surge” of at least $30 billion per year in 2009 and 2010, followed by a sharp dropoff. About $20 billion would go to procurement and research and $10 billion to operations, presumably to support the thousands of troops he also wants to add. But everyone knows money at the Pentagon moves more like molasses than a surging river. Severe increases in the cost and schedule of major weapons systems has been amply documented by DOD itself. Embedding expensive weapons in the DOD budget by overestimaing budgets and lowballing costs and production schedules has resulted in less military for more money, a problem detailed in the new Center for Defense Information book America’s Defense Meltdown. And more troops means billions of dollars in support costs for decades to come.
More from Ken Silverstein:
Commentary — November 17, 2015, 6:41 pm
The Clintons’ so-called charitable enterprise has served as a vehicle to launder money and to enrich family friends.
Flor Arely Sánchez had been in bed with a fever and pains throughout her body for three days when a July thunderstorm broke over the mountainside. She got nervous when bolts of light flashed in the sky. Lightning strikes the San Julián region of western El Salvador several times a year, and her neighbors fear storms more than they fear the march of diseases — first dengue, then chikungunya, now Zika. Flor worried about a lot of things, since she was pregnant.
Late in the afternoon, when the pains had somewhat eased, Flor thought she might go to a dammed-up bit of the river near her house to bathe. She is thirty-five and has lived in the same place all her life, where wrinkled hills are planted with corn, beans, and fruit trees. She took a towel and soap and walked out into the rain. Halfway to the river, the pains returned and overcame her. The next thing Flor remembers, she was in a room she didn’t recognize, unable to move. As she soon discovered, she was in a hospital, her ankle cuffed to the bed, and she was being investigated for abortion.
Average amount of time a child spends in Santa Claus’s lap at Macy’s (in seconds):
Beer does not cause beer bellies.
Following the arrest of at least 10 clowns in Kentucky and Alabama, Tennesseans were warned that clowns could be “predators” and Pennsylvanians were advised not to interact with what one police chief described as “knuckleheads with clown-like clothes on.”
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“Matt was happy enough to sustain himself on the detritus of a world he saw as careening toward self-destruction, and equally happy to scam a government he despised. 'I’m glad everyone’s so wasteful,' he told me. 'It supports my lifestyle.'”