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Yielding Wealth | Personal Finance

Odd Blog Couple: Military Spending and Health Care

by miranda on January 15th, 2008

I’m paired with Taxgirl for B5 Business Channel’s Odd Blog Couple. Here is our question:

If you could increase federal spending in one area and decrease it in another, what would you choose?

First, though, I’ll mention the decrease. Military aid to other countries. We spend billions propping up armies in a variety of countries. 9/11 was used as an excuse to throw even more money at other countries’ military efforts. And has it actually increased our security? Nearly all intelligence says no. Check out the Military spending should be decreased and health care increasedCenter for Public Integrity’s numbers on military spending on other countries. Just reducing the amount we spend on militaries in other countries by half could help us reap great rewards.

What I’d increase? Well, if we weren’t always throwing money at other countries’ military efforts, we could reform health care in this country. My ideal is a universal health care plan similar to what Mitt Romney instituted in Massachusetts. He proved that you could balance the budget and rein in health care costs.

Bonus: Other areas I’d like to see decreased spending in include Iraq war, pork barrel spending and earmarks, corporate welfare subsidies and preferential tax treatment for large companies.

I’d like to see more spending on education.

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POSTED IN: B5 Media Business Channel, Economy, Taxes, Trends

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