And it's All Stimulus spending while the detractors have tried to say that domestic government spending, especially recently with the recovery funds, was a failure as to job growth and stability, wasn't, they use the argument that we can't cut the ever growing defense budget because of the jobs involved. The problem isn't in that argument for defense spending, especially related to jobs, it's in the lack of the private investments in our economy, i.e. reaganomic's capitalism not followed, as to creating manufacturing jobs here for any lost in the defense industry but creating same overseas if created at all. And as this report lays out clearly defense spending, though ever growing, does not create the number of jobs nor the type of jobs needed for continued economic growth.
December 30, 2011 - Bob Pollin: Military vs Education spending, how many jobs does one billion dollars create
11/28/2011 - Abstract:
This study focuses on the employment effects of military spending versus alternative domestic spending priorities, in particular investments in clean energy, health care and education. We first present some simple alternative spending scenarios, namely devoting $1 billion to the military versus the same amount of money spent on clean energy, health care, and education, as well as for tax cuts which produce increased levels of personal consumption. read more>>>
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