What’s the War costing US?

“The U.S. Employment Effects of Military and Domestic
Spending Priorities: An Updated Analysis:”

“We show that investments in clean energy, health care,
and education create a much larger number of jobs across
all pay ranges, including mid-range jobs (paying between
$32,000 and $64,000) and high-paying jobs (paying over
$64,000). Channeling funds into clean energy, health
care and education
in an effective way will therefore
create significantly greater opportunities for decent
employment throughout the U.S. economy than spending the
same amount of funds with the military
.
a project of the
Institute for Policy Studies The U.S. government spent
an estimated $624 billion on the military in 2008. This
amounts to about $2,000 for every resident of the
country.”

“Amid the debates on the political and strategic merits
of the Iraq war, one aspect of military spending that
has been largely neglected is its effects on the U.S.
economy. Six hundred twenty-four billion dollars is a
vast sum of money-greater than the combined GDP of
Sweden and Thailand, and eight times the amount of U.S.
federal spending on education
.”

from:

The U.S. Employment Effects of Military and Domestic
Spending Priorities: An Updated Analysis
By Robert Pollin and Heidi Garrett-Peltier
Foreign Policy in Focus
October 9, 2009
http://www.fpif.org/pdf/0910Jobs_report1.pdf

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