UA-9726592-1
Showing posts with label federal spending. Show all posts
Showing posts with label federal spending. Show all posts

Wednesday, September 5, 2012

Hey, big spender!


Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA

Creative Commons License

Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.

Permissions beyond the scope of this license may be available at rightardia@gmail.com.

Saturday, May 26, 2012

Mittens tells a whopper

Rightardia has said many times that Democrats are better stewards of the federal dollar than the Republicans.

Republican presidents and lawmakers have rarely seen a weapons system they didn't want to fund. GW Bush also started two expensive wars without raising taxes.

Romney has said that pushing drastic spending cuts during shaky economic times is a prescription for "recession or depression."

Republicans have probably been sobered by crushing defeats that conservative leaders in France, Germany and Greece have experienced. The Europeans tried austerity while Obama implemented an economic stimulus based upon the tried and true Keynesian economics.

The US economy outperformed the EU economy in the aftermath. The economic stimulus worked and austerity didn't, something no GOP politicians will ever admit.

see http://www.huffingtonpost.com/2012/05/25/romney-spending-cuts-depression-tea-party_n_1545933.html

Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA

Creative Commons License


Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.

Permissions beyond the scope of this license may be available at rightardia@gmail.com.

Tuesday, December 6, 2011

Think Progress: Defense spending least effective in creating jobs

Non-military spending creates more jobs than money that goes to defense programs. 

The study’s authors, economists Robert Pollin and Heidi Garret-Peltier of the Political Economy Research Institute, used statistics from the U.S. Department of Commerce, the Bureau of Labor Statistics and other sources. 

The authors determined  how many jobs are created by public spending in various sectors. 

The bar graph reflect the number of jobs created per $billion dollars spent in those sectors. 

Military spending was the least effective way to create jobs, creating fewer jobs per each billion dollars spent than even consumer-oriented tax cuts.

Rightardia suspects this is because of the high profitability of the defense industry and the requirement for high tech workers: engineers and technicians. 

The study suggests the US should spend more on infrastructure and less on defense to create jobs. 


See the original study at http://www.peri.umass.edu/fileadmin/pdf/published_study/PERI_military_spending_2011.pdf

Subscribe to the Rightardia feed: http://feeds.feedburner.com/blogspot/UFPYA  

Creative Commons License
Rightardia by Rightard Whitey of Rightardia is licensed under a Creative Commons Attribution 3.0 Unported License.
Permissions beyond the scope of this license may be available at rightardia@gmail.com.