Study: Defense spending is ‘weak job engine’
November 30, 2011 @ 9:09 am
Pentagon and Hill defense advocates have all kinds of numbers about the economic benefits of defense spending, and the potential consequences if it’s cut deeply: More than a million jobs lost. Ten percent unemployment. Key industrial capabilities lost forever.
But a new study out Tuesday says that whatever its impact, the defense budget is not the best way for the government to create jobs.