The immanent collapse of the Soviet Union prompted talk about the potential savings in defense expenditures made possible by the end of the “Cold War” — a multi-billion dollar barrel of brand new pork politiains labeled the “Peace Dividend.” Although the purposes to which they want to put this windfall are wrongheaded, they have actually greatly underestimated its size. That is, if we were to simply confine our defense expenditures to providing for our own defense.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
More on spending:
- Balancing the federal budget
- Throwing our money down a rabbit hole
- Government as venture capitalist
- A priori education
- Michigan’s Titanic business climate
- Downtown Disaster Areas
- Balance in the government ecosystem
- Down the sewer
Tags: central planning, communism, defense spending, foreign policy, national budget, NATO, nuclear weapons, terrorism, treaty
