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Originally Posted by BAN SUVS
The government is buying goods and services for the war. People (mostly Americans) are getting paid for them. So the net effect is basically that some people are getting money at some rate of efficiency that would otherwise be spent on some other stuff/services with some other people. Net effect: not much. Effect on individuals: purley a matter of perspective. Now, ask me if I think the money spent on the war is a waste and should be used elsewhere and you'll get a different flavored answer. But I don't blame war spending for the issues our economy is having. You can thank overall piss-poor management by this Administration for that.
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I don't like war, but...
The total military spending for all current engagements and other areas is less than 5% of GDP.
The U.S. is the largest manufacturer and exporter of military hardware and that industrial complex employs a boat load of people, and represents a significant amount of our exports contributing to GDP, but I can't find any useful numbers.
A significant amount of innovation that eventually reaches the consumer in some manner is funded by military and related research, and it is not just better guns. Communications, water filtration, composite materials, better engines, medicine,
So, is war bad, yes, but is it taking us into a recession, nope...