bizSearchLetters, Jan. 18
Re-examine defense spending
To the editor:
All the recent talk of sequestrations, debt ceilings. and defense cuts may seem far distant from us in Haywood County. But not so. These things affect us directly and personally.
Some argue, for example, that cuts in the defense budget would cost jobs and put our troops at risk. Consider these facts, though, before jumping to such conclusions.
According to the U.S. Departments of Commerce, Labor, and Census, every $1 billion of defense spending creates 8,500 jobs. The same amount allocated for tax cuts for personal consumption generates 10,800 jobs; invested in home weatherization and infrastructure 12,800 jobs; in health care 12,900 jobs; in education 17,700 jobs; in mass transit 19,800 jobs.
Generals, defense contractors, and war industry CEOs ...
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