Monday, October 4, 2010

Business At The Same Old Stand

In The Growth of the American Republic Morrison and Commager argue that the Republican Party, in the later 19th century, consistently increased pensions for veterans in order to spend off the funds collected by tariffs. They were afraid people would want to end the protective tariffs if the government became too prosperous to need them for revenue.

And here, as reported in The American Prospect are three conservatives running the same game in the pages of the Wall Street Journal:

"Even with the costs of Iraq and Afghanistan, this year the Department of Defense will spend some $720 billion -- about 4.9% of our gross domestic product, significantly below the average of 6.5% since World War II...

We should be vigilant against waste in every corner of the budget. But anyone seeking to restore our fiscal health should look at entitlements first, not across-the-board cuts aimed at our men and women in uniform."

Plus ca change, plus c'est la meme chose.

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