debt jobs

will more war spending get more jobs or just more debt?

seems like the toys are getting more expensive ,but because 60 percent of the economy is war based it seemed to be win win ,
but who pays in the end
have we ever repaid any war debt in full
just thought with global warming now could be a good time to ban petrol and go for full on electric vehicles
think of the jobs , think of the money
petrol industry is killing us
its lobby is causing wars to monoplilies the oil ,our children are dying in deserts
oil money in us dollars is just buying us war weopens ,great future we got before us if peace is ever declaired
fat chance that eh.

They are messing up. The largest export of the USA is military materiel.

What country are you in? The USA doesn’t have war debts, the accounting is different, because we finance our military expenditures from within the country, and yes, the old war bonds were paid off, but there may be a few out there that haven’t been redeemed.

EDIT: US Military expenditures are financed through general treasury bonds and debt securities, not specific war bonds, and there is no good accounting for how much a war really costs. Before the war, we were spending an average of $80 per barrel in military and foreign aid expenditures to maintain stability and keep the price of oil down, which would have been better applied to developing alternative energy sources. END EDIT

We have never BEEN repaid a war debt in full.

America really became great by staying out of the Great War and WWII until later, and selling materiel to our allies directly, and indirectly to our enemies, but that is an entirely different subject. Yes we were paid for most of that materiel, but we weren’t completely paid for that junk we sent over at an inflated price under the lend-lease program.

Part of the reason the present wars are being fought is to inflate the price of oil, and increase oil company profiteers. That is an obscure branch of economics, and I don’t care to take thirty pages to explain it here. A lot of factors play into fear of shortages, and a fixed percentage of co-production agreements, and hedge contracts that turn out to be phenomenally profitable for certain people.

Electric Cars? Good idea, but the big auto companies are locomotives, and it is difficult to change paths now, and they have serious internal problems, most especially with the legacy costs of insurance and retirement, which has been dramatically compounded by the exhorbitant inflation of the cost of medical care. Perhaps you have heard of a company that produces the Tesla car. It is an electric, designed by computer whizzes in Palo Alto, and at $100,000, can outrun a Porsche Turbo or a Ferrari Modena. It is a little crude in the interior, but quantities of scale could dramatically improve costs, quality and amenities.

Yes, war will get Both more jobs AND more debt, but what everyone seems to be overlooking, is that we have been experiencing a dramatic devaluation of the dollar relative to other countries, and that will get worse as we increase our debt load.

Ordinarily I sign off with Good Luck, but we need more than good luck in this situation, we need some serious non-partisan dialog to not only address these problems, but to fix the health care crisis, the educational crisis, and the quality of life crisis in the USA. Regardless of any nationalistic fantasy, the USA is not in the top twenty of developed nations in any of those three categories.

I guess we got to get to work, first by finding the facts and determining exactly where we are, and developing solutions to the challenges the USA is currently facing.

Sorry this was so long.