alt Hacker NewsOf that 800 billion, where is the money spent? If it goes to US military/industrial complex, it is basically a creator of US jobs.
So it doesn't cost the US anything.
Of that 800 billion, where is the money spent? If it goes to US military/industrial complex, it is basically a creator of US jobs.
So it doesn't cost the US anything.
This is "broken window fallacy"[1] territory. In economic terms defense spending is mostly waste because a lot of it doesn't get used (hopefully) or gets used to blow other stuff up causing net damage. The fact that it creates jobs is better than nothing, but spending the same money on infrastructure would increase the future productivity of the country.
[1] https://en.m.wikipedia.org/wiki/Parable_of_the_broken_window