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Originally Posted by Combwork
Good points all, but the curious thing is that if the bulk of that money is spent within the 'States, doesn't it go round in circles? Without that level of spending, what would happen to unemployment? Having said that, just imagine what spending even a fraction of that money on research into a stable fusion reactor, or space exploration could achieve.
I know the latter is thorny; "Why send people; it's not worth the money when we can send robot probes that are almost as good?". It's the 'almost' that gets me; how can we know what's there if we don't look?
As for "World Police", with the possible exception of China the U.S.A. is the only country rich enough to do it and even then, I doubt it could do it on its own.
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This used to be true Combwork. It was a big part of the massive growth during and for about 35-40 years after WW2. The problem is most of that heavy manufacturing capacity is gone. The military just doesn't order hardware in the
numbers it did during the Cold War and the various "Hot" Wars. The price tag is high because of the price per unit cost of the goods, not the volume. Therefore increased spending doesn't always mean more jobs. This is the double edge sword of efficiency and high tech manufacturing.
Dave