The basic facts about the economic impact of unnecessary military spending were documented in a 2011 paper by University of Massachusetts economists Robert Pollin and Heidi Garrett-Peltier, using the standard economic models which are, without controversy, used to estimate everything else. The numbers in Table 1, page 5, imply that every time you move a billion dollars from the domestic economy to the Pentagon budget, you destroy 3,900 American jobs. Moving $1.5 trillion from the domestic economy to the Pentagon budget, if you did it all at once, would destroy more than 5 million jobs. Is the F35 a job creator or killer?
Posted on: Tue, 01 Oct 2013 18:59:32 +0000
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