Mike, Bill and Ed have different preference levels for their support for military spending on overseas operations. Mike is a hawk and his preferences are ranked in order: high spending, medium spending, low spending. Bill is a moderate and his preferences are ranked in order: medium spending, low spending, high spending. Ed is a pragmatist. His preference is for limited spending but if we have to engage he believes we should go "all in" and thus his preferences are ranked in order: low spending, high spending, medium spending. Explain in detail how this voting situation would not lead to political equilibrium. show the rounds of voting as was detailed in class). Explain what the implications are for government decision-making in this decision context.