RE “Massschusetts defense contractors brace for cuts” (Business, Nov. 8): Like others, I don’t want Massachusetts to suffer massive job losses if automatic budget cuts, or “sequestration,” takes effect in January. But let’s examine what would really happen if sequestration does occur.
It’s true that reductions in Pentagon spending, which has gone unchecked and risen steadily for years, would result in some job losses in Massachusetts. However, according to a May 2012 report by economists at UMass Amherst, job losses would be 15 to 20 percent greater if nonmilitary programs were cut instead. The report also found that “if the federal dollars coming into the state were shifted from military to education, construction, health care, or clean energy, some 27 percent to 134 percent more jobs would be created.”
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Hamas.,Hzbolla, Syria, Russia, China, North Korea are CHEERING when they see articles like this
Another article by a liberal IDIOT.