Dire Economic Warnings About Defense Cuts Don’t Pass Muster

The defense industry and their associates in government continue to issue ominous warnings about the drastic hit to the economy the country would take if deep budget cuts become a reality. But a look at the revenue stream of top weapons manufactures like Lockheed Martin reveals steady profit margins even if the cuts take place. And warnings about significant job losses in states that manufacture weapons and warplanes ignore the vastly more productive jobs that could be created if the taxes previously redistributed to defense firms get to stay in the constructive economy.

Read the whole article from Spencer Ackerman at Wired’s Danger Room. 

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Author: John Glaser

John Glaser writes for Antiwar.com.