EISENHOWERS WARNING Six decades ago, at the height of the Cold War with the Soviet Union, President Dwight Eisenhower warned of precisely that danger-the danger that the United States, by overspending on defense, would damage its domestic economy, its engine of growth. As Eisenhower put it: To amass military power without regard to our economic capacity would be to defend ourselves against one kind of disaster by inviting another. Eisenhower was explicit about the trade-offs between guns and butter. Making one heavy bomber, he said, meant sacrificing thirty modern schools or two fully equipped hospitals or two electric power plants. We pay for a single destroyer with new homes that could have housed more than 8,000 people..., he said, This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.
Posted on: Mon, 24 Mar 2014 20:39:08 +0000
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