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by toomuchtodo
2866 days ago
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The recently approved $717 billion in defense spending increased military spending by $80 billion dollars, far in excess of what would've been necessary to provide free college to everyone. Hard to argue the moral hazard on education spending when you're firehosing billions of dollars of taxpayer money into a dumpster fire already. "Those concerns were brushed aside Monday night, as the Senate overwhelmingly approved an $80 billion annual increase in military spending, enough to have fully satisfied Sanders’s campaign promise. Instead, the Senate handed President Donald Trump far more than the $54 billion he asked for. The lavish spending package gives Trump a major legislative victory, allowing him to boast about fulfilling his promise of a “great rebuilding of the armed services. Or with $80 billion a year, you could make public colleges and universities in the U.S. tuition-free. In fact, Sanders’s proposal was only estimated to cost the federal government $47 billion per year." https://theintercept.com/2017/09/18/the-senates-military-spe... |
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Reducing defense spending being good does not mean that using it to discharge bad student loans is the best use.