The Military Spending Fairy

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Much to nobody's surprise, a new study from MIT's Political Economy Research Institute contradicts right-wing and Defense Department talking points and finds that funding domestic priorities like clean energy, health care, and education creates about twice as many jobs per dollar spent, at all pay levels, as military spending. Economist Dean Baker has more.

"In other words, if the point of spending is to create jobs, then the military is the last place that we would want to put our dollars. But, many in Washington believe in the military spending fairy who blesses the dollars spent on the military with unmatched job creating power that has no basis in normal economic analysis."

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