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A farewell to arms: Costa Rica by abolishing the army in 1950 doubled the average annual GDP growth through 2010
Authors: Alejandro Abarca y Suráyabi Ramírez.This article estimates the causal long-term developmental effects of Costa Rica’s constitutional abolishment of its army in 1949 after the 1948 civil war.This is done by performing synthetic control estimates and analyzing the political history of Costa Rica in the 1940s and 1950s. We find that upon the abolishment of the army, Costa Rica’s annual average per capita GDP growth increased from 1.42% to 2.28% in the 1950-2010 period relative to a counterfactual Costa Rica that did not abolish its army. This implies that Costa Rica doubled its per capita GDP every 30 years rather than every 49. These estimates are robust to different model specifications and we show that this shock is exclusive to Costa Rica in Latin America. Furthermore, we provide evidence that the positive effects associated with this increase in the per capita GDP growth rates have endured over time; namely because the abolition of the army granted a political and institutional context that allowed
governmentMalfeasance  win 
yesterday by joeybaker
White House admits Trump climate policies will cost Americans $500 billion a year
Trump team approves -- but tries to bury -- report finding inaction on climate policies will devastate the country.
trumpIncompetence  climateChange  governmentMalfeasance 
16 days ago by joeybaker
"The U.S. should do a serious assessment of why, despite 14,0000 NATO troops plus 250,000 Afghan troops and reportedly $1 trillion spent on war in Afghanistan, the Taliban today are stronger than before," said Pakistan's prime minister
“The U.S. should do a serious assessment of why, despite 14,0000 NATO troops plus 250,000 Afghan troops and reportedly $1 trillion spent on war in Afghanistan, the Taliban today are stronger than before,” said Pakistan’s prime minister
mesopotamia  governmentIncompetence  governmentMalfeasance  militaryIncompetence 
21 days ago by joeybaker
Trump's Rising Debts Will Soon Force The U.S. To Spend More On Interest Than Medicaid, Defense
Interest on debt is rapidly becoming a larger share of the U.S. GDP, setting up a bipartisan battle over competing spending on health care, education and defense.
governmentMalfeasance 
29 days ago by joeybaker
Mitch McConnell Calls for Social Security, Medicare, Medicaid Cuts After Passing Tax Cuts, Massive Defense Spending
After instituting a $1.5 trillion tax cut, the Senate majority leader said Tuesday that the only way to lower the record-high federal deficit would be to cut entitlement programs.
governmentIncompetence  governmentMalfeasance  casteingTheMiddleClass  casteingTheLowerClass  kleptocracy 
7 weeks ago by joeybaker
Nikki Haley spent over $52K in State Department money on curtains
Nikki Haley spent $52,700 in State Department money on “customized and mechanized” curtains for her luxury apartment across from the United Nations on the East Side of Manhattan, a repo…
trumpAristocracy  trumpCorruption  governmentMalfeasance 
12 weeks ago by joeybaker
Trump admin took millions from FEMA for ICE detentions
Senator Jeff Merkley talks with Rachel Maddow about a document showing that the Trump administration took nearly ten million dollars from FEMA’s budget ahead of the 2018 hurricane season and gave it to ICE to pay for detentions.
trumpIncompetence  governmentMalfeasance  immigration 
september 2018 by joeybaker
Federal deficit soars 32 percent to $895B
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year,
endOfTheUSEmpire  governmentMalfeasance 
september 2018 by joeybaker
The US has spent $1.5 trillion on war since Sept 11 attacks
The collective wars in Afghanistan, Iraq and Syria have cost U.S. taxpayers more than $1.5 trillion, according to a Defense Department report.
theTerrorismExcuse  mesopotamia  governmentMalfeasance 
september 2018 by joeybaker
Donald Trump's Military Parade Could Feed Every Homeless Veteran for Almost 9 Months, Based on Reported New Cost
The total price tag is $80 million more than the original $12 million the Pentagon estimated, according to a new report.
trumpIncompetence  governmentMalfeasance  militaryMalfeasence 
august 2018 by joeybaker
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