Why We Must Reduce Military Spending
• Rep. Barney Frank and Rep. Ron PaulBy far the single most important of these is our current initiative to include substantial reductions in the projected level of American military spending as part of future deficit reduction efforts
It is interesting to reflect on historic financing of war.
Benjamin Ginsberg in FATAL EMBRACE reveals King John’s financiers persuaded John to invade Normandy so they could profit from usury on the cost. The Baron’s refusal to finance the war and supply knights for blood-shed lead to the Magna Carta at Runnymede. The financiers had their estates confiscated and were exiled.