On ABC’s “This Week” roundtable Sunday, Sen. Rand Paul (R-KY) agreed with liberal columnist Paul Krugman’s charge that Republican leaders are hypocritical in backing higher military spending for the purpose of creating jobs.
The transcript:
KRUGMAN: Right now, Mitt Romney has an ad blitz where he’s accusing Obama of cutting defense spending, which is actually, you know, that’s not really true, but and then he says and the reason this is terrible is it because it will eliminate jobs. So the Romney campaign’s position is government spending can’t create jobs unless it goes to defense contractors in which case it’s the lifeblood of the economy…
PAUL: And that’s an inconsistency. That’s an inconsistency.
KRUGMAN: It’s pretty major.
PAUL: And it’s wrong. They are accepting Keynes with regard to military spending…
KRUGMAN: Weaponized Keynesianism.
PAUL: … but not with regard to domestic spending.
