What $1.2 Trillion Can Buy - NYTimes.com: " Linda Bilmes, at the Kennedy School of Government at Harvard, and Joseph Stiglitz, a Nobel laureate and former Clinton administration adviser, put a total price tag of more than $2 trillion on the war. They include a number of indirect costs, like the economic stimulus that the war funds would have provided if they had been spent in this country."
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I don't get this. Stiglitz is the guy that says digging holes to fill them in again is stimulus. So why isn't all the spending on the Iraq also stimulus?
2 comments:
Maybe the holes have to be dug in America.
Then how was WWII spending the stimulus that ended the great depression?
The other example I've heard from liberals is that, whether you build tanks to send them into the ocean or have them blown up in war, its still stimulus.
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