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Saturday, May 19, 2018

Quote of the Day -- On Defense--and Deficit--Spending

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"For 40 years we were led to think of the Russians as godless, materialistic and an evil empire. When the Cold War ended, we suddenly discovered that Russia was a poor Third World country. They had not been equipped to take over the world. In fact, they were just trying to improve a miserable standard of oppressive living, and couldn't. They had to spend too much on arms build-up. We didn't win the Cold War; we bankrupted the Russians. In effect, it was a big bank exhausting the reserves of a smaller one."

And now, we're doing it to ourselves. That is, we are bankrupting ourselves, honestly, spending obscene amounts on "defense", far outspending any and every other nation on the planet.

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And for no good reason.

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