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December 2012

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28

Concerns about Defense Spending

December 04, 2012 – Comments (37)

A friend recently wrote to me expressing concern about cutting Defense Spending.  The jist of the argument is that, while wasteful and bureaucratic, modern defense jobs are highly specialized.  Considering the quantity of people employed in the Military-Industrial Complex (MIC) and how little those skills are needed in the private sector, what can possibly be expected from a massive cut in Defense Spending other than another economic calamity?  [more]

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