"We must be ready to dare all for our country. For history does not long entrust the care of freedom to the weak or the timid. We must acquire proficiency in defense and display stamina in purpose." - President Eisenhower, First Inaugural Address
Tuesday, June 06, 2006
A little debate on Navy spending plans
Menzie Chinn over a Econbrowser raises some concerns with a classical analogy here. As the comments note, is it the tax cuts or the increases in spending that may cause a shortfall?
And what about economic growth? Or here?
Congressional Budget Office document here offering some alternative universes (warning pdf format).
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