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Yes, the US needs to have at least some military spending. If the US is not prepared to defend itself, it would undoubtedly be taken over by some other country, which would not work out well for the American population. Exactly how much military spending the US needs for the purpose of self-defense, is highly debatable. But it does need some.
What else can I help you with?
What is Military Keynesianism?
Military Keynesianism is the position that the government should increase military spending in order to increase economic growth.
What actions would a modern Keynesian economist advocate to cure a recessionary gap?
a Keynesian would argue that the essence to solve recession lies with demand management. When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand. When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.
How do changes in monetary policy affect your family's spending and business spending in the economy?
[If the Federal Reserve is selling bonds, banks will have lower reserves due to decreased deposits. With the decreased reserves, they will have to decrease the number and size of loans. The decrease in loans and the resulting higher interest rates discourage business (and consumer) borrowing and spending. The decreased spending in the economy should result in decreased business production and employment.]
How can one identify and calculate a budget deficit effectively?
To identify and calculate a budget deficit effectively, one should compare the total government spending to the total government revenue. If the spending exceeds the revenue, it indicates a budget deficit. The deficit amount can be calculated by subtracting the revenue from the spending.
The theory that government spending should increase during business slumps and curbed during booms is referred to as?
Keynesian Economics
What is Military Keynesianism?
Military Keynesianism is the position that the government should increase military spending in order to increase economic growth.
What was the core belief of the National Fascist Party of Italy?
that a government should take the form of a military Dictatorshipthat a government should take the form of a military dictatorship
What actions would a modern Keynesian economist advocate to cure a recessionary gap?
a Keynesian would argue that the essence to solve recession lies with demand management. When an economy is experiencing a boom (inflationary gap), government should tax people, reduce spending ...etc... to soak up the demand. When an economy is experiencing a bust (recessionary gap), government should decrease tax and increase government spending (using money they gained during the boom) to increase the demand of an economy.
What was the core belief of the national fascist of Italy?
that a government should take the form of a military Dictatorshipthat a government should take the form of a military dictatorship
How do changes in monetary policy affect your family's spending and business spending in the economy?
[If the Federal Reserve is selling bonds, banks will have lower reserves due to decreased deposits. With the decreased reserves, they will have to decrease the number and size of loans. The decrease in loans and the resulting higher interest rates discourage business (and consumer) borrowing and spending. The decreased spending in the economy should result in decreased business production and employment.]
How can one identify and calculate a budget deficit effectively?
To identify and calculate a budget deficit effectively, one should compare the total government spending to the total government revenue. If the spending exceeds the revenue, it indicates a budget deficit. The deficit amount can be calculated by subtracting the revenue from the spending.
Should Government and military personnel should have the right to strike?
Federal law forbids the military and government employees to strike, and the military is further forbidden to form unions. Similar to police and fireman being declared essential employees and not allowed to strike, government employees and the Armed Forces are equally 'essential.'
Why are taxes raised?
No, we already don't have enough money, taxing us more will further weaken the economy. We should cut government spending.
Which statement represents a view of an opponent of the social safety net?
People deserve to be protected from serious poverty.
The theory that government spending should increase during business slumps and curbed during booms is referred to as?
Keynesian Economics
Does the keynesian framework argue that the government should play a key role in offsetting fluctuating spending by the business sector?
yes
What is a militaristic government?
A militaristic government believes in the ideology that a country should maintain a strong military force. The state should then be prepared to use this force against external threats.
