jobs

We Have to Trim the Bloated Pentagon Budget and Use the Cash for a ‘Green Dividend’ to Create Good Jobs

Creating jobs is not easy work. The federal government, challenged at every turn by Republican opposition in Congress, has been unable to push through a second stimulus package focused specifically on jobs. The private sector, which the Tea Partiers see as the motor of the economy, has been sitting on an unprecedented amount of wealth — a record $837 billion in cash — that companies are saving for better investment opportunities.

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North Korea: Why Engagement Now?

North Korea: Why Engagement Now?

Relations between the United States and North Korea, never particularly warm, have truly frosted over in recent months. The Obama administration, in the wake of the Cheonan incident, has added financial sanctions to a lengthening list of efforts to box in Pyongyang. In conjunction with Seoul, Washington has ramped up military exercises in the region. Six Party Talks have been suspended since the end of the Bush administration, and there haven’t been bilateral discussions for more than six months. Hillary Clinton has continued to speak of U.S. willingness to sit down and negotiate. But in Washington, engagement with North Korea is about as popular as BP stock. Anti-American rhetoric and threats, meanwhile, remain de rigueur in Pyongyang.

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How to Create More Jobs

How to Create More Jobs

Investing public dollars in health care, education, mass transit, and construction for home weatherization and infrastructure all create more jobs than investing an equivalent amount in either the military or personal consumption. According to our just-released study, each billion dollars of government spending allocated to tax cuts for personal consumption generates approximately 10,800 jobs. Investing the same amount in the military creates 8,500 jobs. Investing it in health care yields 12,900 jobs; in education, 17,700 jobs; in mass transit, 19,800 jobs; and in construction for home weatherization and infrastructure, 12,800 jobs.

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