Lies, Damned Lies, And Defense-Job Statistics | Christopher Preble | Cato Institute: Commentary

Lies, Damned Lies, And Defense-Job Statistics | Christopher Preble | Cato Institute: Commentary: "The Pentagon might be a jobs program, but it isn't a very efficient one. It creates the kinds of jobs that politicians like to claim credit for, but military spending doesn't produce more growth in the economy or generate more innovation than a comparable level of spending by private individuals, businesses, and entrepreneurs."

"no more than 3.53 million jobs — direct, indirect, and induced — are sustained by the defense industry, so it is barely credible that a 10 percent reduction in Pentagon spending would result in the loss of one-third of all defense-related jobs."

"it is appropriate for resources to shift out of the military sector and into private sector as wars end and threats diminish."