On This Week Paul Krugman pointed out the Republican's hypocrisy on military spending:
Krugman: What's so wonderful is watching Republican congressmen saying "but this will cost jobs". The very same Republican congressmen who were denouncing the stimulus plan saying government spending never creates jobs but, cutting defense spending costs jobs. It's wonderful.
Frank: Well, two things. First, watch this face, David, because some of the arguments you've been hearing now about how government spending never helps the economy, you're going to hear the absolute reverse when military spending comes up. We have an airplane, the F-22, that is designed to defeat the Soviet Union in a war, and I think we can save billions. The defense budget has gone way up under George Bush. But somehow to my Republican friends enormous amounts for the war in Iraq--which I thought was a mistake--hundreds and hundreds and hundreds of billions of dollars for weapons to fight the Cold War, they don't count those. But you're going to hear an argument about how important military spending is for the economy.
Unfortunately for Eric Ferhnstrom, a senior campaign advisor to the Romney campaign, Paul Krugman (who's been on a tear lately) was on "This Week" Sunday morning to dismantle all of his vapid talking points.
First, he pointed out that government Read more...
House Budget Committee Chairman Paul Ryan (R-WI) on Sunday said he had made a mistake by suggesting America's top military brass were being dishonest when they said they supported President Barack Obama's budget cuts.
"I totally misspoke," Ryan Read more...