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this post was submitted on 01 Mar 2026
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Borrowing huge sums of money to fund military expenditures sure seems silly, and the interest payments will be absurd. Interest on debt has already eclipsed health transfers, so its going to be a sacrifice for sure.
TBH it's no worse than any other government jobs program, or the civil service in general. It's all just a vehicle to redistribute government funds as salaries.
Well its still not really sustainable is it, it has no yield.
Keynes would disapprove.
Neither does any other government subsidy. That's an odd argument against.
Infrastructure would generate a future yield, and Keynes would like that. Otherwise why aren't we funding it with taxes, and why pay interest on it?
An industrial base generates a future yield too.