The Pentagon HQ for wasted money, hopes, aspirations and greed
The Military Spending Fairy
Much to nobody’s surprise, a new study from MIT‘s Political Economy Research Institute contradicts right-wing and Defense Department talking points and finds that funding domestic priorities like clean energy, health care, and education creates about twice as many jobs per dollar spent, at all pay levels, as military spending. Economist Dean Baker has more.
“In other words, if the point of spending is to create jobs, then the military is the last place that we would want to put our dollars. But, many in Washington believe in the military spending fairy who blesses the dollars spent on the military with unmatched job creating power that has no basis in normal economic analysis.”
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- Study: Funding Progressive Domestic Priorities Creates At Least 50 Percent More Jobs Than Military Spending (thinkprogress.org)
- MIT Study: Military Spending Creates Fewer Jobs Than Progressive Programs (alan.com)
- Military or not, spending is spending (csmonitor.com)
- New analysis of government data shows that military spending is a weak job engine compared to other investments (physorg.com)
- Lookout: After the Deficit Committee, There’s a New Propaganda Push From the War Profiteers (alternet.org)
- Does America need to defend everybody? (geneveith.com)
- Bolton: Reinvest Wasteful Military Spending Back In To Military Spending (thinkprogress.org)
- Bipartisan doubletalk on military spending: When is an increase a “devastating” cut? (trutherator.wordpress.com)
- Romney Proposes Defunding Health Law To Subsidize More Military Spending (thinkprogress.org)
- Defense Secretary Panetta Plays on Job Fears But Military Spending Is the Worst at Creating Jobs (alternet.org)
