How Cutting Pentagon Spending Will Fix U.S. Defense Strategy | Benjamin H. Friedman | Cato Institute: Commentary

How Cutting Pentagon Spending Will Fix U.S. Defense Strategy | Benjamin H. Friedman | Cato Institute: Commentary: 'Far bigger savings are possible if the Pentagon is recast as a true defense agency rather than one aimed at something far more ambitious.'

'the U.S. military is currently structured to exercise power abroad, not provide self-defense. The U.S. Navy patrols the globe in the name of protecting global commerce, even though markets easily adapt to supply disruptions and other states have good reason to protect their own shipments. Washington maintains enormous ground forces in order to conduct nation-building missions abroad — despite the fact that such missions generally fail at great cost. Garrisons in Germany and South Korea have become subsidies that allow Cold War-era allies to avoid self-reliance.

Not only are these missions unnecessary, they are counterproductive. They turn economically capable allies into dependents, provoke animosity in far-flung corners of the globe, and encourage states to balance U.S. military power, often with nuclear weapons. A strategy based on restraint would allow Washington to save at least about $1.2 trillion over a decade, three times what the Obama administration is now asking for.'

Is Debt Necessary for Recovery? - Robert P. Murphy - Mises Daily

Is Debt Necessary for Recovery? - Robert P. Murphy - Mises Daily: 'The old-school, commonsense solution to an economy plagued by excessive debt is for people to work hard and save more. Keynesian economists have been saying throughout our current crisis that this folk wisdom overlooks basic accounting tautologies, but these pundits are smuggling in a Keynesian theory without realizing it.

Contrary to the assertions of these pundits, an economy does not need mountains of debt — whether government or private — in order to grow. Corporations can still raise needed financing through issuing equity. There are pros and cons to debt financing, but it isn't necessary for a strong economy.'

EXCLUSIVE: Lena Taylor, Property Accessory To Voter Fraud | Media Trackers

EXCLUSIVE: Lena Taylor, Property Accessory To Voter Fraud | Media Trackers: 'According to a Media Trackers open records request with the City of Milwaukee Election Commission, the property at 1018 N 35th St. in Milwaukee currently has 36 active voter registrations and at least 23 individuals voted using the address.'

'Senator Lena C. Taylor owns the property at 1018 N. 35th St. in Milwaukee. The property has 6 units'