Re: military spending as investment

[6155GUASTELL@xxxxxxxxxxxxxxx]

I lean toward Doug's interpretation of welfare spending more than
Gary's, but let me interject a point regarding education.

After World War II, the USG devised the GI Bill of Rights which provided
$500/year of tuition for each surviving serviceperson, which could be
spent in trade schools, college, universities, of their choice. This
expenditure on individual education was regarded as a WONDERFUL return
on an investment in light of the increased individual wages, societal
productivity, and INCREASED INCOME TAX REVENUES that were inevitably
collected.

Is there some way in which the GI Bill prototype can be used successfuly
in more ways, this time to turn a pure consumption sinkhole into something
more financially attractive? I suspect this principle entered into the
current thinking about welfare reform, but it does not appear to have
come out the other side, so to speak, with a solution at present.

--Stephen Guastello