Super Committee: 99% Must Come First
Ironically, some members of Congress who have ignored warnings that drastic cuts to federal spending would cost millions of jobs are now rallying to protect the Pentagon budget, citing potential job losses. But military spending is lousy at generating jobs, empirical data have shown. Every 12 jobs it generates would have yielded 29 jobs in the education sector, a study by the University of Massachusetts finds. If we're worried about job creation, the military budget should be the first sector we look to for cuts.
The purpose of the safety nets we build in good times is to catch us when we're in trouble. The super committee's first priority should be restoring the net by rightsizing military expenditures and repealing tax policies that lay waste to the future of the 99 percenters.
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