News Articles > Deficit Commission, Social Security

MSNBC, July 22nd, 2013: If you don’t think Washington’s budget sequestration is hurting you financially, you’re probably wrong…. the sequester’s most harmful effects have been invisible to the broad public. Continue Reading…

United Steelworkers blog, July 31st, 2012: [Rebuilding US infrastructure would mean] a nation more capable of fending off and recovering from natural and man-made disasters….Americans want that work, with unemployment stuck at 8.2 percent. And America needs that economic development, with the economy growing at a paltry 1.5 percent in the second quarter. Continue Reading…

Huffington Post, July 30th, 2012: contrary to their desperate cries for help… Pentagon contractors like Lockheed Martin and BAE Systems are doing just fine. Lockheed Martin’s profits rose 4.4 percent in the most recent quarter, and they have quadrupled during the 2000s. Lockheed Martin CEO Robert Stevens earned over $19 million in 2011. The company has a backlog of $81 billion, followed by its cohort the Boeing Corporation, which has a backlog of $46 billion…. employees of major Pentagon contractors are being used as pawns in a political game, with threats of mass layoffs far exceeding anything that would be called for by the companies’ current financial positions. Continue Reading…

Foreign Policy, July 19th, 2012: From the McKeon/Lockheed perspective, the hearing was a complete bust. Continue Reading…

Politico.com, June 3rd, 2012: Congress has already been warned that the automatic spending cuts early next year — especially from the Pentagon — could help trigger another recession. But the $1.2 trillion ax to defense and domestic spending might trigger something else: an election loss. Continue Reading…

The Nation, May 28th, 2012: If we are going to advance beyond the past decade of war and the wreckage caused by the Great Recession to build a stable, secure and environmentally sustainable society, we need to break the grip of the military-industrial complex on the $700 billion military budget. Continue Reading…

On March 7, 24 senators urged President Obama to bring American combat forces home from  Afghanistan. The bipartisan group said the wars in Iraq  and Afghanistan could have rebuilt the interstate highway system five times over. See their letter here.

New York Times, January 18th, 2011: Less than a tenth of the nation’s metropolitan areas have regained the jobs they lost in the economic downturn, according to a report being released Wednesday by the nation’s mayors. Continue Reading and also see When Different Parts of the Country May Recover.

The Hill, December 7th, 2011: The largest defense industry trade association, the Aerospace Industries Association, recently funded a study predicting $1 trillion in military cuts over 10 years would add 0.6 percent to the national unemployment rate. The Pentagon then funded its own study that conveniently rounded that prediction up to an even 1 percent. The glaring flaw in these studies is… Continue Reading…

Center for Economic Policy Research, October 26th, 2011: Believers in the military spending fairy say things like “the government can’t create jobs,” but also think that military spending creates jobs. Under the military spending fairy story, if the government spends $1 billion dollars paying people to do research or to build items related to the civilian economy it is just a drag on the private economy; however if the same spending goes to military related purposes, then it creates jobs. Continue Reading…

Warcosts.com, November 29th, 2011: the massive military budgets of recent years [have underlined US manufacturing competitiveness] by luring scientists and engineers out of civilian R&D and into military programs. Continue Reading…

Rep. Barney Frank, Boston Globe, November 12th, 2011: It is surprising to hear defenders of our high level of military spending oppose defense reduction because of its negative effect on employment….cutting military spending in the appropriate way will have far less of a negative impact on jobs than the cuts that are likely to occur if the defense budget is not cut. Continue Reading…

International Relations and Security Network, October 3rd, 2011: As the depth and breadth of our financial/economic and environmental crises deepens, it is urgent to ask whether the way we are going about searching for solutions lives up to the challenge. The risk is that our institutions are focusing on means – such as recapitalizing banks, tackling perverse subsidies, or promoting energy efficiency, while the driver of the crises lies in the end goal: more growth. Continue Reading….

Jeff Klein, Counterpunch, July 6th, 2011: if workers are being held hostage to military spending, they are the tens of thousands of public employees facing layoff or attacks on their pay and benefits in cash-strapped cities and states. They are the millions of unemployed in construction, manufacturing and services who could find jobs if we invested wisely in what our country actually needs. And they are the retirees who are in danger of seeing their Social Security and Medicare cut by politicians using the pretext of budget deficits to promote a partisan agenda. Isn’t it long overdue to re-examine our priorities? Continue Reading…

1/8/2011
Slow Job Growth Dims Expectation of Early Revival

http://www.nytimes.com/2011/01/08/business/economy/08jobs.html?nl=todaysheadlines&emc=tha2



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