FOX NEWS 05/15/13 By Michael Shank, Elizabeth Kucinich That Washington is holding defense cuts responsible for slow economic growth is a specious argument at best. War spending is unproductive and inflationary. Modern defense costs are capital intensive, not labor intensive, making the industry inefficient as a job creator. The defense […]
Tag: defense contractors
Want to Cut Big Government Abuses? Start with Defence Contracting
THE GUARDIAN 08/06/11 By Michael Shank We have the evidence: the hardpressed US taxpayer is being fleeced by profiteering contractors and corrupt military personnel This past week, as US Congress quacked its way through the debt-ceiling quagmire, a seemingly non-germane offshore issue surfaced vis-a-vis Iraq. The connection between the two […]