Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette

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Where the Money Goes

Sometimes, military spending is a good thing. Other times, it turns into a giant rathole that can absorb any amount of money with no discernible benefit.

Dean Baker | Massive Defense Spending Leads to Job Loss
Dean Baker, Truthout: "There is a major national ad campaign, funded by the oil industry and other usual suspects, to convince the public that measures to reduce greenhouse gas emissions (GHG) and slow global warming will result in massive job loss. This ad campaign warns of slower growth and the loss of hundreds of thousands of jobs, possibly even millions of jobs, if some variation of the current proposals being debated by Congress get passed into law ... However, the oil industry's scare stories about job loss never put it in any context."
Tags: economics, news, politics

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