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Infographic: Myth of Pentagon Spending as Job Creator
From the Project On Government Oversight
By ANDRE FRANCISCO
Major defense contractors have been going around saying the sequestration cuts to Pentagon spending will cause widespread job losses, but history tells a different story.
Over a five year period, the five largest defense contractors received 10 percent more in federal contracts, but at the same time they fired three percent of their workforce. Now they are arguing a 10 percent reduction in Pentagon spending will be devastating to jobs, even though the Pentagon already has a bloated budget worthy of reductions.
POGO is fighting against the myth of Pentagon spending as a job creator, but we need your support to do so. Consider donating to POGO today to show your support for sensible defense policy. Then share our new infographic with your friends to spread the word.
Andre Francisco is an online producer with the Project On Government Oversight.
The Project On Government Oversight is a nonpartisan independent watchdog that champions good government reforms. POGO’s investigations into corruption, misconduct, and conflicts of interest achieve a more effective, accountable, open, and ethical federal government. Founded in 1981, POGO (which was then known as Project on Military Procurement) originally worked to expose outrageously overpriced military spending on items such as a $7,600 coffee maker and a $436 hammer. In 1990, after many successes reforming military spending, including a Pentagon spending freeze at the height of the Cold War, POGO decided to expand its mandate and investigate waste, fraud, and abuse throughout the federal government.
Throughout its history, POGO’s work has been applauded by Members of Congress from both sides of the aisle, federal workers and whistleblowers, other nonprofits, and the media.
2012-10-09 12:20:07
Source: http://pogoblog.typepad.com/pogo/2012/10/infographic-myth-of-pentagon-spending-as-job-creator-.html
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