Military spending is not right way to boost America's economic security - by Elizabeth Kucinich & Mi
- elizabeth441
- May 15, 2013
- 1 min read
"In prioritizing military spending,
Congress is cutting the very programs that can actually strengthen our economy."
That Washington is holding defense cuts responsible for slow economic growth is a specious argument at best. War spending is unproductive and inflationary. Modern defense costs are capital intensive, not labor intensive, making the industry inefficient as a job creator. The defense industry has a presence in congressional districts across this country, so cuts affect every member. But every district in the U.S. has pressing infrastructure, education, health and environmental needs, and the return on the taxpayer’s dollar is much higher when invested on these areas. Instead of concentrating money on capital intensive, military hardware purposed for destruction, and causing long term economic drain, our very limited and valuable economic resources should be invested in building the true strength and capacity of our economy, our nation, and her people...READ MORE...
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