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Ep. 448: Mike Lofgren Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Decline of the US Military Industrial Complex

I'm not looking just at the military industrial complex. I consider them integral parts of a bigger ecosystem. The same system that invaded Iraq is the same system that exploded our deficit both through the tax cuts for the rich and the military expending. This in all our previous wars, we had income tax increases or tax surcharges or some way to finance the war. George Bush rather than asking for sacrifice told citizens to go shopping and then gave them a tax cut which simply magnified the budget deficit.

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