"President Obama's reckless defense cuts that are hanging over our cloud, hanging over the horizon, could put almost 44,000 jobs at stake right here in Pennsylvania. We are not going to let that happen..." - Paul Ryan
http://politicalticker.blogs.cnn.com/2012/08/22/ryan-blames-obama-for-scheduled-defense-cuts/
First off, Obama has not cut our "defense" spending. He's expanded US presence in Afghanistan, he's followed Bush's timeline for Iraq, and let's not forget the whole thing with Libya and Uganda. Let's not forget that we're preparing to go to war with Iran. Like everything else, Obama has just followed Bush's policies, but increased the spending on it.
Secondly, military positions are not jobs, especially when their function is not even providing defense. War does not produce anything, war blows stuff up. War sends good, working age men to go die, and has the opportunity cost of them doing an actually productive job. War hurts the economy. I cannot stress that enough.
Thirdly, isn't Paul Ryan's big thing supposed to be that he's slashed the budget or whatever? Yeah, this guy seems like he's really anti-spending.
Paul Ryan is just another standard Keynesian, working with a standard Keynesian broken window fallacy.
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