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Perhaps these liberals are incapable of understanding cause and effect. They want to spend oodles on entitlements and cut defense spending - spending that supports skilled labor and manufacturing. When you force a major cut it will impact the economy particularly in the nonentitlement sector like defense.
“Liberals are increasingly facing a conundrum as the Pentagon experiences the deepest cuts in a generation: The significant reductions in military spending that they have long sought are also taking a huge bite out of economic growth.
Liberal lawmakers and others on the left have argued for years that the military budget is bloated and should be dramatically scaled back. At the same time, they have been major advocates of government spending to help drive economic growth and create jobs. Fresh data on the state of the economy Friday showed that the two goals are coming into conflict. The economy grew only 2.5 percent in the first quarter, in large part because of a sharp 11.5 percent drop in military spending, and that came on top of an even bigger 22.1 percent plunge in military spending at the end of last year.
“It makes me feel torn,” said Rep. Keith Ellison (D-Minn.), chairman of the Congressional Progressive Caucus. “The bottom line is military spending is government spending, and in the absence of any sort of other stimulus for the private sector, we need to get it where we can.”
Rest of story:
http://www.washingtonpost.com/business/economy/defense-cuts-pose-an-economic-quandary-for-liberals/2013/04/28/6cc78b72-b01b-11e2-9a98-4be1688d7d84_story.html?hpid=z1
“Liberals are increasingly facing a conundrum as the Pentagon experiences the deepest cuts in a generation: The significant reductions in military spending that they have long sought are also taking a huge bite out of economic growth.
Liberal lawmakers and others on the left have argued for years that the military budget is bloated and should be dramatically scaled back. At the same time, they have been major advocates of government spending to help drive economic growth and create jobs. Fresh data on the state of the economy Friday showed that the two goals are coming into conflict. The economy grew only 2.5 percent in the first quarter, in large part because of a sharp 11.5 percent drop in military spending, and that came on top of an even bigger 22.1 percent plunge in military spending at the end of last year.
“It makes me feel torn,” said Rep. Keith Ellison (D-Minn.), chairman of the Congressional Progressive Caucus. “The bottom line is military spending is government spending, and in the absence of any sort of other stimulus for the private sector, we need to get it where we can.”
Rest of story:
http://www.washingtonpost.com/business/economy/defense-cuts-pose-an-economic-quandary-for-liberals/2013/04/28/6cc78b72-b01b-11e2-9a98-4be1688d7d84_story.html?hpid=z1
