Again in the era of aviation defending the nation does not just mean having troops sitting on our soil. We have to be able to project power and decimate crazy countries that could get nukes.
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You'd bomb Iran, huh. :rolleyes:
"The prevailing trend in the super-bubble was also the ever-increasing use of credit and leverage; but the misconception was different. It was the belief that markets correct their own excesses. Reagan called it the “magic of the marketplace”; I call it market fundamentalism. Since it was a misconception, it gave rise to bubbles. So the super-bubble was composed of a number of smaller bubbles -- and punctuated by a series of financial crises. Each time the authorities intervened and saved the system by taking care of the failing institutions and injecting more credit when necessary. So the smaller bubbles served as successful tests of a false belief, helping the super-bubble to grow bigger by reinforcing both credit creation and market fundamentalism."
Chairman Greenspan also believed that markets were self-correcting, as part of the Randian ideology of self-interests in making money (greed). There probably was a Super Bubble forming, going back to the 1970's when wages started flattening out, and credit was used to keep up. Monetizing all that credit/debt made billions for banking and financial industries, but when the bubble burst it was average consumers who suffered.
People forget that credit cards weren't commonly used just a couple of decades ago. Tourists used Traveler's Checks, personal checks weren't honored everywhere, people still used the Bank to get cash, etc. Credit card interest used to be tax-deductible as an incentive to use credit, using debt as a way to build credit became the norm, and credit scores became the way to extend more credit. Creating all those CDOs and home equity loans based on mortgages and debt, was like a super bubble filled with kool-aid.
Need? No.
But I thought part of military doctrine was to have such overwhelming force so as to minimize casualties and length of combat. (Not that we've been using those troops effectively it seems)
So, if 700k is way more than enough...what should it be? +50% more than enough? +25%? Just barely enough?. Did we drop the 2 wars/fronts doctrine?
The problem of credit is that credit creates an excess of demand in the credit markets that need to have an equivalent in other markets, like inflation in the market of goods, or changes in interest rates, or variations in money exchange, or many other prices in several markets. Also, if total credit is higher than GDP, debt is unpayable, so there are two ways, either default or hyperinflation. Nowadays US looks more like China during WWII, with citizens in crisis, a government entering wars and unable to afford people's development and jobs.
If you replace houses with stocks, you move from 2008 to 1929, as the same scenario was present. First unpayable debts, then financial crisis, then economic crisis and unemployment. Same crisis, different year.
Some people who may be ignorant of history may think the way out is war. Problem is war will increase debt and may lead to a hyperinflation, and there is no war where spending can be subject to austerity. Nowadays the industrial power is China, not US.
Japan in 1945 had almost 100 years of engaging in many military adventures with no harm. No wonder why in 1941 they were acting so carelessly towards US.
If the purpose was entirely defense, why would we need to prepare for a two-front war? Given our nuclear capability, what kind of a country would actually attack us? And given the difficulty of mounting a land invasion across an ocean, I doubt anything more than 100-200k troops would be necessary to fight off any potential attack.
Projecting power abroad makes you more likely to become a target of crazies with nukes, not less. Crazies without nukes have a history of suddenly becoming very, very sober when they get them and they figure out just what that means. Here is a quote for your edification about dictators and nukes from someone who was 'in the business'
Quote:
Aha, I hear you say what about the mad dictator? Its interesting to note that mad, homicidal aggressive dictators tend to get very tame sane cautious ones as soon as they split atoms. Whatever their motivations and intents, the mechanics of how nuclear weapons work dictate that mad dictators become sane dictators very quickly. After all its not much fun dictating if one's country is a radioactive trash pile and you're one of the ashes. China, India and Pakistan are good examples. One of the best examples of this process at work is Mao Tse Tung. Throughout the 1950s he was extraordinarily bellicose and repeatedly tried to bully, cajole or trick Khruschev and his successors into initiating a nuclear exchange with the US on the grounds that world communism would rise from the ashes. Thats what Quemoy and Matsu were all about in the late 1950s. Then China got nuclear weapons. Have you noticed how reticent they are with them? Its sunk in. They can be totally destroyed; will be totally destroyed; in the event of an exchange. A Chinese Officer here once on exchange (billed as a "look what we can do" session it was really a "look what we can do to you" exercise) produced the standard line about how the Chinese could lose 500 million people in a nuclear war and keep going with the survivors. So his hosts got out a demographic map (one that shows population densities rather than topographical data) and got to work with pie-cutters using a few classified tricks - and got virtually the entire population of China using only a small proportion of the US arsenal. The guest stared at the map for a couple of minutes then went and tossed his cookies into the toilet bowl. The only people who mouth off about using nuclear weapons and threaten others with them are those that do not have keys hanging around their necks. The moment they get keys and realize what they've let themselves in for, they get to be very quiet and very cautious indeed. Another great - and very recent example - look how circumspect the Indians and Pakistani Governments were in the recent confrontation - lots of words but little or no action to back them and both sides worked very hard not to do anything that could be misunderstood. (When the Pakistani's did a missile test they actually invited the Indians over to watch in order to ensure there was no ground for misunderstanding. The test itself was another message from both countries to the rest of the world - basically it read "Don't sweat it, we know the rules")
One anayst from The Business was asked what Saddam Hussein would have done if Iraq had possessed nuclear weapons in 1990. He replied that he didn't know what he would have done but he did know what he would not have done - he would not have invaded Kuwait.
I should note that this line of reasoning has also been generally discredited in IR. There's no logical reason why having nukes would moderate you (and it certainly hasn't moderated the behavior of Pakistan, North Korea, and Israel, nor that of the US, UK, France, and USSR/Russia for that matter).
Sorry, you mean my line of reasoning or Lewkowski's?
Well, both. The flaw in Lewk's logic is that countries wouldn't randomly decide to nuke the US, especially if the US wasn't involved in their affairs (why would they?). The flaw in the quote you cited is that there's no inherent reason why having nukes would make more you more moderate. It's not at all clear why having nukes would make Hussein less willing to invade Kuwait. If anything, having nukes would more or less guarantee that no one would take the risk of getting nuked to liberate Kuwait.
Seriously, I can all but guarantee that no other country would attack the US if the US completely withdrew militarily and economically (in terms of providing aid) from the rest of the world. Even if someone is unwilling to buy that guarantee, having a hundred nukes in secret locations and submarines, along with a force of perhaps 100k troops would make an attack against the US incredibly unattractive to any country on the planet.
The point is that once a nation possesses nuclear weapons, it has how to consider how any use of its conventional forces might lead to a chain of events where a nuclear device gets used. Once that happens, that nation is well on it's way to becoming a pile of rubble. Consider how Soviet threats to intervene on the side of the Egyptians in the Suez Crisis directly resulted in the US reining in France, the UK and Israel. The Soviets didn't threaten to nuke us if we didn't back off, but they did suggest that they would intervene conventionally. A conventional conflict between nuclear powers always has the risk of going nuclear, and if it goes nuclear it draws the US in as well so they had to send the message 'cut it out'.Quote:
It's not at all clear why having nukes would make Hussein less willing to invade Kuwait. If anything, having nukes would more or less guarantee that no one would take the risk of getting nuked to liberate Kuwait.
A) Why should it assume that it would get nuked just because it has nukes? There's an implicit assumption here that countries with nukes are only willing to use them against other countries with nukes.
B) The chain in logic you mention is based on far too many uncertainties to be viable. Ultimately, the US would not be able to credibly threaten to start a nuclear war over Kuwait. Iraq would know that and the US would know that (as would Kuwait).
C) There are many instances where a country would have started a war but chose not to do so because the other country had nuclear weapons. It was why Stalin didn't push things in Korea, why the US didn't do anything to help the Hungarians in '56, why the US didn't invade Cuba after the Missile Crisis, why India hasn't attempted a full-out invasion of Pakistan after numerous Pakistan-sponsored attacks, etc. In each of those instances, the country with nukes acted in a highly provocative manner knowing that there wouldn't be a nuclear war over the issue in question.
D) The Soviet intervention was effective because the Soviet Union had nukes, not because you did. The threat would have been no less credible if you didn't have nukes (there's also the fact that the Soviet Union didn't adopt the "no first use" doctrine).
I should also note that we're assuming that the country with nukes is both stable and rational. Those might or might not be good assumptions in a general model, but we know that in practice, many countries don't meet one or both criteria.
They would be nuked because they have nukes in order to stop them using those nukes. We know they will use those nukes because they know that we'll nuke their nukes, therefore they have to be used at the first opportunity so they aren't lost in a pre-emptive strike.
It's not about anyone threatening nuclear war, it's about the situation escalating to a point where on side or the other feels it has no option but to use it's weapons. Don't think about the U.S here, in this scenario it's still to overwhelmingly powerful to be threated by Hussein. Think, instead about Israel. And what point does Israel decide that Saddam's expansionism places it in mortal peril? At what point does it decide Saddam's weapons have to be taken out in a pre-emptive strike? At what point does Saddam - fully aware of how Israel will be thinking - decide that Israel is about to do a pre-emptive strike and do one of his own? Who blinks first? How does the US decide to react to this situation?Quote:
B) The chain in logic you mention is based on far too many uncertainties to be viable. Ultimately, the US would not be able to credibly threaten to start a nuclear war over Kuwait. Iraq would know that and the US would know that (as would Kuwait).
You can provoke only to the point where someone decides you're too much of a danger to leave unchecked.Quote:
C) There are many instances where a country would have started a war but chose not to do so because the other country had nuclear weapons. It was why Stalin didn't push things in Korea, why the US didn't do anything to help the Hungarians in '56, why the US didn't invade Cuba after the Missile Crisis, why India hasn't attempted a full-out invasion of Pakistan after numerous Pakistan-sponsored attacks, etc. In each of those instances, the country with nukes acted in a highly provocative manner knowing that there wouldn't be a nuclear war over the issue in question.
The Soviet Union's threat was never to use nukes, it was to intervene conventionally on the side of the Egyptians. It was the nukes possessed by the UK, the France, Israel and (since you were bound to come to the aid of the UK and France through NATO) yourselves that made that prospect so toe-curling - the theory is that any conflict between nuclear powers will inevitability escalate to a full exchange. Had NATO not existed or if the UK, France and Israel not been nuclear powers the outcome of the conflict would have either been a soviet victory or an allied victory and that would have been the end of it - the defeated side goes home, licks it's wounds but continues much as before. It's only when both sides possess nukes that the logic of MAD says a conflict between them leads to nuclear war.Quote:
D) The Soviet intervention was effective because the Soviet Union had nukes, not because you did. The threat would have been no less credible if you didn't have nukes (there's also the fact that the Soviet Union didn't adopt the "no first use" doctrine).
North Korea seems to have managed so far.Quote:
I should also note that we're assuming that the country with nukes is both stable and rational. Those might or might not be good assumptions in a general model, but we know that in practice, many countries don't meet one or both criteria.
All this nuke stuff is pointless. The reason why no one used nukes is that politicians do not want to die. They have no alternate planet to escape to. During the Cuba crisis if they wanted to nuke, we all would have died, but politicians do not plan to die. So this is why we will never have a nuke war, only strong words and media show off.
We wouldn't be attacked, but wouldn't this diminish our, ummm, ability to assist allies?
Come on, I not one of your students.
The point stands. The only reason we have allies is because we want to have a global reach. If we were satisfied with sticking to North America, there would be absolutely no need for us to have allies elsewhere (other than perhaps Mexico and Canada).
And with outallies (as in us helping them), they could eventually be coerced to align against us, leaving us isolated and alone. How long would we stand then? Fortress America?
The question is why would anyone expand significant resources to have countries align against someone who's not bothering them (how well are we doing with getting countries to change sides?).
Can you also provide an example of an issue that is necessary for US security that this other mythical country would be able to stifle us on with the help of our former friends?
So...you're an isolationist. Okay!
For giggles, does anyone think we would use our nukes if we were attacked with convential forces?
NATO doesn't have a 'no first strike' policy, so it could happen. At the present time, no one has enough forces to put NATO/the US in enough peril to make them resort to nukes.
It looks like most everyone agrees US defense spending isn't about defense of the US but about defense of US interests which are worldwide, economic, political, etc etc. No other country does this these days which accounts for the size of the US budget vs. Rest of World's. And it seems US allies, generally, like that we do this. Given this set of premises, to save money:
A. Any thoughts on what would happen if the US backed off somewhat? I'm not suggesting an isolationist policy, but say we didn't have our fingers in every hot spot around the world, maybe had a declared policy of protecting US citizens, physically and economically, wherever they were legally interacting with Rest of World, but that's it. It would be something like "don't mess with us and we won't mess with you."
-My first thought was that the US defense industry makes a LOT of money selling weapons systems around the world and a lot of those sales are subsidized as military aid to allies. Given that, and a host of other concerns I'm sure, this policy would be politically difficult to implement I imagine.
-Second thought is what would happen if the US dropped humans rights pressures on other countries, dropped interest in Iran and N. Korea's nuclear activities, dropped economic isolation of countries like Cuba, Burma, etc... Really. What would N. Korea do if we weren't fucking with them all the time? Keep making nuclear weapons in lieu of feeding its people? Then what? Would war with S. Korea be more likely or less?
B. Thoughts on the US overtly billing our allies? It has cost a huge load of money and lives to "manage" the Persian Gulf region, so what if we billled everyone that uses - and sells - Gulf oil? Do we already, after a fashion, indirectly say through the activities of our oil and related industries? And keeping peace in Europe - during the cold war and after - has been very costly too. Why shouldn't we get compensated so we cana have a decent health care system too?
Be serious, that money would go straight into corporate welfare and tax cuts for the wealthy
Isn't more or less everything the government spends that involves private sector contracts a form of corporate welfare? And if you reduce the welfare, as opposed to shifting it around from one recipient to another, then you can reduce taxes/ deficit spending?
In the case of health care, in the employer provided system, the government gives tax breaks for corporations to provide health care in their employment packages. That money, along with corporate and employee contributions, gets paid to private insurance companies. Insurance companies then pass much of it on to various service providers, some goes toward salaries and overhead and the rest gets booked as profit. And on it goes from there.... I guess in Medicare/ Medicaid the government pays the providers directly, skipping the employers and the insurance companies. No wonder they hate Medicare/ Medicaid and/or want to privatize it. Once it is private, the insurance beauracracy gets paid. Huh.
How much of that money ends up in bonuses and golden parachutes as opposed to new innovations, jobs and actual good for society?
Is that rhetorical?
Anyway don't bonuses = jobs? Same thing, right? And golden parachutes, well that's just bad contract writing. You might ask why a corporation would hire executives with such lavish compensation packages granting reward apparently independant of performance, but consider that corporations did essentially the same thing for decades with the UAW, and those were hostile negotiations. Theoretically anyway.
It is not "US interests", it is interests of a few albeit those many Americans. If US was worried about Americans, they would have used QE to bailout citizens, not failed banks. They would have started criminal investigations on bankers and they would have allowed bank restructuring instead of bailing them out to preserve economy as a healthy one. The FED has some mandates, but Bernanke knows nothing about economy, or even banking. He only knows about printing money.
They turned a very proud and powerful nation into a third world country that is nowadays near hyperinflation. They turned US economy into 1980's Argentine economy. Shame on them.
Defense spending is just like spending on education or healthcare, but useless, as it is about having a bunch of government employees doing nothing or playing Call of Duty in a battlefield. The need of defense is reduced when you don't create your own enemies.
Power costs money, and probably they thought that since they had the printer they would not be subject to the laws of economics.
Some believe that what is good for the powerful/ wealthy/ and big corporate America is good for all Americans. That's sort of the idea behind tax cuts = good for everyone. Less tax burden frees up money to invest in the US economy which creates more opportunity for everyone.If the banking system collapsed, lots of 'regular' citizens would have been deeply harmed.Quote:
If US was worried about Americans, they would have used QE to bailout citizens, not failed banks.
Here I agree. Not going after those culpable for the economic crash is in itself criminal.Quote:
They would have started criminal investigations on bankers
Not even close. Sometimes I think Conservatives would rather have a country that operated like Mexico, but we're far from anything like that.Quote:
They turned a very proud and powerful nation into a third world country
Inflation is very low right now.Quote:
that is nowadays near hyperinflation.
Much that government has done in the last 15 years is shameful, but the US has nothing like the Argentine economy of any era.Quote:
They turned US economy into 1980's Argentine economy. Shame on them.
Oh it has its uses, and it isn't game playing.Quote:
Defense spending is just like spending on education or healthcare, but useless, as it is about having a bunch of government employees doing nothing or playing Call of Duty in a battlefield.
kat likely has schizophrenia. What's Alpha's excuse?
In US, politicians do not understand how jobs are created. Higher taxes create jobs cuts, but tax cuts do not create jobs, only higher profit and bonuses for CEOs.
Jobs flee US because Americans are too expensive. The wage of one american can pay 15 chinese workers. Blame FED's monetary policy that made dollar to be expensive, and that made US workers expensive, hence, FED sent jobs overseas and also it refused to protect credit card holders for a long time. Very expensive dollar making expensive americans also makes costs of operating in US higher, and other cheaper nations become more attractive for companies.
They may lower taxes to 0% and still companies may not come back to US.
US unemployment is shown below 10% but that's because it does not take into account those who gave up looking for a job, or those who flee towards other nations. Independent studies state 22% unemployment, just like Spain.
There have been 28 episodes of hyperinflation in national economies in the 20th century, with 20 occurring after 1980. The tipping point for hyperinflation occurs (according to some economists) when the government's deficit exceeds 40% of its expenditures and is funded by money printing.
I think you are confusing CPI and hyperinflation.
UBS: The Risk Of Hyperinflation Is Largest In The US And The UK
http://www.businessinsider.com/hyper...urrency-2012-7
Ad hominem argument:
1.A provides argument B
2.C thinks A is mentally ill.
3.Therefore argument B is false.
Quite erratic reasoning.
Mentally ill patients use to be erratic and to have problems with logic.