Phillips is the head of Tea Party Nation, a particularly rabid version of Baggerness, and he doesn't seem to realize that he's a Keynesian:
Adventures in tea-party cognitive dissonance
Aug 5th 2011, 14:58 by M.S.
THE ECONOMIST
Rather than downsizing from 11 to 9 carrier task forces, Mr Phillips says, we should be building even more aircraft carriers:
If we decided to build a couple of new carriers, thousands of workers would be hired for the shipyards. Thousands of employees would be hired for the steel mills that would provide the steel for the hull and various sub contractors would hire thousands. Do you know what that means?
It means they would receive paychecks and go out and spend that money. That would help a recovery. That is a shovel ready project!
Increasing spending for the military does a couple of things. It not only not only stimulates the economy, it protects our nation. That is a better investment than say spending money on teaching Chinese prostitutes how to drink responsibly.
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1 comment:
http://thewillandthewallet.squarespace.com/blog/2011/8/9/bogged-down-in-europe.html
the bum should be relieved at least at the Pentagon's delaying actions.
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