Friday, July 9, 2010
Reduce The Defense Budget?
E.D. Kain gives reasons why we should reduce our defense budget. He agrees with Grayson's proposed legislation, "The War is Making You Poor Act", which would carve out $159 billion from the defense budget. Maybe we could reduce military spending? But, the United States is usually the first country that is asked for help when any disaster occurs. The National Defense Magazine answers five important questions related to E.D. Kain's proposition to cut the defense budget. Maybe Americans shouldn't expect a payment even if the defense budget is cut? Plus, that wouldn't help reduce the deficit one iota if the money that was originally used for defense spending is just spread around to taxpayers. Reducing taxes for both individual taxpayers and small businesses would accomplish the same thing as Grayson's Act by simply allowing taxpayers to keep more of their money, encouraging small businesses to hire, and that in turn would stimulate the economy. If you look at the 2010 budgets for all the departments run by the federal government the defense budget seems quite reasonable and on target. In fact, it seems like some other agencies run by the federal government could reduce their budgets. But, maybe the defense budget could be reduced also?