How much of the state economy is dependent on military contracts? Maybe a better question to ask is: how is government support of companies like Raytheon crowding out private innovation? I just finished reading a book on how the U.S. developed its ICBM program and I was astonished at the complexity of the operation and the speed at which success was achieved. (To create such incredible machines of annihilation--yes, that is one part of the success--they they were never used is the greater success)
A lot of the economists I read don't seem that perturbed by the sequester. Some think that the House Republicans will blink. We'll see.
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