Borrowing huge sums of money to fund military expenditures sure seems silly, and the interest payments will be absurd. Interest on debt has already eclipsed health transfers, so its going to be a sacrifice for sure.
Borrowing huge sums of money to fund military expenditures sure seems silly,
TBH it’s no worse than any other government jobs program, or the civil service in general. It’s all just a vehicle to redistribute government funds as salaries.
Well its still not really sustainable is it, it has no yield.
Keynes would disapprove.
Neither does any other government subsidy. That’s an odd argument against.
Infrastructure would generate a future yield, and Keynes would like that. Otherwise why aren’t we funding it with taxes, and why pay interest on it?
An industrial base generates a future yield too.
Too few of these experts really directly address AI. This is going to be the top of the waterfall. If we end up dependent on the US for AI in defense, we end up being systemically dependent. At least Ann Fitz-Gerald is speaking to Canada’s need to have ecosystemic control over this. Is it achievable? Not easily, at all, but at least she’s speaking to it.
