In the March 30 print edition of his weekly WSJ column Karl Rove's subject was Put America First by Aiding Ukraine. Rove listed several points that people who favor aiding Ukraine could support. Rove also said that "sending military assistance to Ukraine is good for our economy to begin with" & added that "Washington is largely paying for American workers to make the weapons, bullets, missiles, & equipment we send."
Rove obviously feels that a war ever so often is necessary, or @ least a good idea, to keep an economy going rather than it being a drag on it as Bastiat taught.
Below is my letter to the WSJ that was published Monday in response to Rove's column.
Dear Editor:
In "Put America First by Aiding Ukraine" (op-ed, March 30), Karl Rove makes several good points, but writing that "sending military assistance to Ukraine is good for our economy" isn't one of them. Spending on defense is still government spending, whether it is for America or for an ally like Ukraine.
Nice letter.
ReplyDeleteHi Doug - Sorry I missed this one. Your response was perfect and succinct. US continues spending $ we do not have and Fed prints $ as investor demand weakens. China is dumping Treasuries. Last 3 weeks, the Fed balance sheet increased from $8.3 Trillion to $8.7 Trillion. This is recipe for disaster.
ReplyDeleteAgree with your reply. Trump situation very interesting. Stay well,
ReplyDelete"Inefficient Government Spending".
ReplyDeleteCheers and Happy Easter