Cut the Pentagon Budget, Not Social Security and Veterans' Benefits
Some people in Washington want to cut Social Security and veterans' benefits, by cutting the cost-of-living adjustment. But there's a better way to cut government debt than cutting Social Security and veterans' benefits: cut the bloated Pentagon budget.
Not only would that protect Social Security and veterans' benefits, it would save 380,000 jobs. And cutting the Pentagon budget would mean less war in the future: the Pentagon wouldn't have the money to occupy other people's countries.
The Economic Policy Institute has estimated that the budget proposed by Mitt Romney's running mate Paul Ryan, chair of the House Budget Committee, would destroy 4.1 million jobs by cutting $404 billion of domestic spending by 2014. But any proposal to cut domestic spending is going to destroy jobs, not just Paul Ryan's proposal.
Some people want to cut Social Security and veterans' benefits by changing the way inflation is measured in calculating the cost of living adjustment. The Congressional Budget Office says the change would "save" the government $145 billion over 10 years by cutting Social Security, veterans' benefits, and federal pensions.
Since cutting Social Security benefits, veterans' benefits, and federal pensions would take money out of the domestic economy, it would destroy jobs. If cutting domestic spending by $404 billion would destroy 4.1 million jobs, then cutting domestic spending by $145 billion would destroy 1.5 million jobs.
http://www.huffingtonpost.com/robert-naiman/cut-the-pentagon-budget-n_b_1844125.html
