No. of Recommendations: 0
All of the "quick fix" proposals to just cut military spending overlook the reality that if the automatic "sequestration trigger" goes into effect, it will cause (estimated) a 1% increase in the national unemployment rate.

How many years has it taken to lower the unemployment rate by just 0.3%?

Consider that there are states whos economies are built on the Defense industry (Connecticut) and that the loss of that many jobs that quickly will all but send the state into bankruptcy as a major source of revenue is cut out.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.