Ron Paul writes in today’s Mises Daily:
Ever since “sequestration” went into effect at the beginning of last year, the military-industrial complex’s congressional cheering session has complained that sequestration imposed “draconian cuts” on the Pentagon that will “decimate” our military — even though most of the “cuts” were actually reductions in the “projected rate of growth.” In fact, under sequestration, defense spending was to increase by 18 percent over ten years, as opposed to growing by 20 percent without sequestration.
Many of the defenders of increased war spending are opponents of welfare, but they are willing to set aside their opposition to increased welfare spending in order to increase warfare spending. They are supported in this position by the lobbyists for the military-industrial complex and the neoconservatives, whose continued influence on foreign policy is mystifying. After all, the neocons were the major promoters of the disastrous military intervention in Iraq.