By Max Fisher of The Atlantic Wire
With the spiraling U.S. budget deficit cited as a primary reason for the recently failed jobs bill, there is rising concern on Capitol Hill about how to pay for the things–such as economic stimulus–we so desperately need. The Atlantic’s Josh Green has a suggestion: Why not cut defense spending? It makes up 18.7% of the 2010 federal budget. Secretary of Defense Robert Gates insists we should spend less. Dwight Eisenhower said, “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and not clothed.” Is Green right? Here are two arguments for cutting the Pentagon’s budget and two arguments for keeping it intact.
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks