Americaís Biggest (and only major) Jobs Program... the U.S. Military:
Over 1,400,000 Americans are now on active duty; another 833,000 are in the reserves, many full time. Another 1,600,000 Americans work in companies that supply the military with everything from weapons to utensils. (Iím not even including all the foreign contractors employing non-US citizens.)
If we didnít have this giant military jobs program, the U.S. unemployment rate would be over 11.5 percent today instead of 9.5 percent.
And without our military jobs program personal incomes would be dropping faster. The Commerce Department reported Monday the only major metro areas where both net earnings and personal incomes rose last year were San Antonio, Texas, Virginia Beach, Virginia, and Washington, D.C. ó because all three have high concentrations of military and federal jobs.
This isnít an argument for more military spending. Just the opposite. Having a giant undercover military jobs program is an insane way to keep Americans employed. It creates jobs we donít need but we keep anyway because thereís no honest alternative. We donít have an overt jobs program based on whatís really needed.