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"Weaponized Keynesianism"

Via Paul Krugman, a great comment from Rep. Barney Frank about Republicans trying to protect funding for the F-22:

These arguments will come from the very people who denied that the economic recovery plan created any jobs. We have a very odd economic philosophy in Washington: It’s called weaponized Keynesianism. It is the view that the government does not create jobs when it funds the building of bridges or important research or retrains workers, but when it builds airplanes that are never going to be used in combat, that is of course economic salvation.

It's also worth remembering Alain Enthoven's observation that, from the point of view of Congress, the perfect weapons system would be built in all 435 districts at once and could never quite be made to work.

By Ezra Klein  |  June 24, 2009; 3:25 PM ET
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Somehow, the defense department was taken out of "discretionary" spending, as if we don't get to choose how much we spend on the military. It is a fixed ever increasing amount and there is no questioning it. Time to change the frame on this one.

Posted by: srw3 | June 24, 2009 4:02 PM | Report abuse

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