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Weighing the options: the old saw about how "it's hard to drain the swamp when you're up to your neck in alligators," may have a new application when weighing a wounded economy with other, less pressing, concerns.

Publication: Modern Applications News
Publication Date: 01-APR-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Weighing the options: the old saw about how "it's hard to drain the swamp when you're up to your neck in alligators," may have a new application when weighing a wounded economy with other, less pressing, concerns.(EDITOR'S CORNER)

Article Excerpt
A catch-phrase that once embodied the economic trade-off between government spending for defense and making resources available for consumers was "guns or butter." The more guns--defense spending--the less butter--consumer stuff--was available.

We pretty much forgot that after World War II. Wartime rationing of things like gasoline, sugar, meat, tires, and cooking oil was a thing of the past once the war ended. We'd ramped-up production for the war and then coasted along on that infrastructure for 50 years. We fought big-time "wars" like Korea and Vietnam without having to make-do on the home front. There weren't any scrap-iron drives, paper drives, or drives of any sort...

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