By Michael Shank& Elizabeth Kucinich
Beaver County Blue via Fox News Opinion
May 15, 2013 – That Washington is holding defense cuts responsible for slow economic growth is a specious argument at best. War spending is unproductive and inflationary. Modern defense costs are capital intensive, not labor intensive, making the industry inefficient as a job creator.
The defense industry has a presence in congressional districts across this country, so cuts affect every member. But every district in the U.S. has pressing infrastructure, education, health and environmental needs, and the return on the taxpayer’s dollar is much higher when invested on these areas.
Instead of concentrating money on capital intensive, military hardware purposed for destruction, and causing long term economic drain, our very limited and valuable economic resources should be invested in building the true strength and capacity of our economy, our nation, and her people.
During the heightened banking crisis in 2009, Rep. James Oberstar, then Chair of House Transportation Committee, called for a massive Eisenhower-level of investment in transportation infrastructure. He was right.
The American Society of Civil Engineers estimates that the U.S. requires $3.6 trillion in infrastructure investment by 2020 to bring our grade D+ standards to safe standards.
This is exactly what we need: to put bridge-builders to work rather than funding technology and personnel to destroy bridges, and to take tank-making factories and repurpose them to build high-speed trains.
In prioritizing military spending, Congress is cutting the very programs that can actually strengthen our economy: Cutting federal assistance to the states, forcing them to lay off teachers, firefighters, and social workers; cutting opportunities for job creation, training, and placement programs; and eviscerating funding for children’s programs and assistance for seniors.
These actions make no economic sense.
Continue reading Military spending is not right way to boost America’s economic security