“The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some fifty miles of concrete pavement. We pay for a single fighter plane with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This is, I repeat, the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron. […] Is there no other way the world may live?”
–Dwight David Eisenhower, “The Chance for Peace,” speech given to the American Society of Newspaper Editors, Apr. 16, 1953.
Heard this Eisenhower quote referenced the other day and thought of it when I read this:
“The simple truth is that, beyond war industry hype, military spending costs us jobs. According to the Political Economy Research Institute’s (PERI) 2009 study, when you compare it to other ways of spending the money, every $1 billion spent for military purposes costs us, at minimum, 3,222 jobs. At the upper end, war spending costs us 17,500 or more jobs per billion dollars. Military spending creates fewer jobs, both directly and indirectly, than every other kind of spending studied by PERI. So, given that we spend well in excess of $700 billion every year on war in this country, it’s fair to say that our obsession with war spending is sucking the life right out of our economy.”
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