Defense industry scare tactics won’t create jobs

Wednesday, Oct. 31st 2012 7:17 AM

As indicated by the recent roll out of the House Republican budget strategy, the gloves are off in the battle to define the country’s spending priorities in the run-up to the November elections. But neither party adequately addresses the largest item in the discretionary budget: the Pentagon.

The Obama Administration’s approach to curbing runaway defense spending has been far too timid, while Republicans – from Paul Ryan to Mitt Romney – actually want to increase spending substantially beyond current levels.

A key player in this debate is the defense industry, which is pulling out all the stops to get the Pentagon a free pass from future budget cutting. The industry’s main trade group, the Aerospace Industries Association, has financed two studies raising the specter of a million jobs lost from planned Pentagon cuts.

Posted on Wednesday, Oct. 31st 2012 7:17 AM | by Share of Cost | in Share of Cost | No Comments »

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