If the problem is years of “living beyond our means” the solution dictated by cosmic justice is years of laboring in auto plants building cars for South Koreans to drive. If the question is “why are we consuming so much less than we produced” the answer may be “it’s because in the past we consumed more than we produced.” But right now the question facing America is “why are so many millions of people producing nothing at all.” The answer can’t be simply that we had too much debt in the past or that we lived beyond our means.

a study from Robert Pollin and Heidi Garrett-Peltier finds that defense spending does indeed create jobs under recession conditions but that “$1 billion spent on each of the domestic spending priorities will create substantially more jobs within the U.S. economy than would the same $1 billion spent on the military” with “investments in clean energy, health care and education.”