Increased US Military Spending Slows Economy

May 1st, 2007 - by admin

Center for Economic and Policy Research – 2007-05-01 23:15:02

WASHINGTON, DC (May 1, 2007) — The Center for Economic and Policy Research released a report today estimating the economic impact of increased U.S. military spending comparable to the spending on the Iraq war. The report, presenting the results of a simulation from the economic forecasting company Global Insight, shows the increased level of military spending leads to fewer jobs and slower economic growth.

For the report, The Economic Impact of the Iraq War and Higher Military Spending, by economist Dean Baker, CEPR commissioned Global Insight to run a Posted in Uncategorized | No Comments »