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What is not seen, however, is what the shopkeeper might have done with that same $50 had he not been forced to replace a broken window. Perhaps he would have invested it in a way that created far more wealth and more jobs.

Unfortunately, Biden is not alone in coming up with new gimmicks to enable Washington to operate in a “business as usual” manner.

New House Speaker Mike Johnson has also been busy trying to convince us that sending money overseas is actually good for our own economy.

http://ronpaulinstitute.org/archives/featured-articles/2023/november/06/don-t-worry-it-s-not-foreign-aid-it-s-corporate-welfare/

Written by Ron Paul

Faced with growing American frustration over more than $100 billion spent on a failed proxy war in Ukraine, President Biden’s handlers have hit on a gimmick to convince us that this foreign aid is actually an investment in our own economy! In his recent television address, Biden explained that as we transfer more weapons to Ukraine we then will build new weapons at home to replace them. That, explained Biden, means more American jobs and a stronger American economy.

So “Project Ukraine” is not really about foreign welfare, but rather domestic corporate welfare for the military-industrial complex. Should that make us feel any better?

There is no denying that this nearly two-year Ukraine/Russia war has been a boon for the US weapons industry. Profits at the military-industrial complex are back to record highs after a brief slump during the Covid scare. And the money that goes to the weapons manufactures also saturates Washington, DC: a little of it goes to the think-tanks promoting war, another little bit goes to the political campaigns of candidates who promote war, and so on.

See the rest here

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