Earlier quoted context omitted.
“Military spending is good for the economy” is basically the same as the broken window fallacy. There’s a massive opportunity cost
There's also massive benefits which are hard to directly measure. Doing advanced, completely unprofitable basic research, for one thing. These are the sorts of projects that spawned GPS, the Internet, and IC manufacturing. Wasn't super profitable at the time of conception, but the military doesn't care. They need capability, irrespective of price. All of these technologies are now keystones of numerous gigantic Ameri…
What is hard to measure is what could have been done with the money to make the US military stronger but was wasted instead.
The worst part is all these inefficiencies are going to add up over the coming decades when we have to keep up with the PLA/China.
A PLA colonel makes less than a private first class marine and manufacturing anything is an order of magnitude difference.