msnbc.com:

Defense cuts may save jobs

Daily Rant: Democratic strategist David Goodfriend explains why the recently announced Defense cuts might not be bad for the economy.

>>> it's time for david friend. i don't know if he's talking about the packers, but he is about to launch a daily rant.

>> after all the ranting i have done about our bloated defense budgets, it may soon be my duty to eat a little crow and offer a salute to leon panetta for what they did last week, assuming they come through. the obama administration's first attempt to state a vision for the armed forces in a post iraq and post-anything goes budget world seems to be a good start. troop strength in europe has to come down. the era of keeping a big ground force for a big war is over . the pentagon needs to be more cost effective with our money. +tvtu that right. but the real rubber hits the road next month when the pentagon releases their proposed budget and congress decides how much of our tax dollars get spent. even if the pentagon's proposed budget makes it through weight watchers , it still has to make it through the porkers on capitol hill . and here's where it gets really interesting. you want to talk about money and politics? wait till you see what defense contractors trying to preserve their gravy train too. i'm not talking about political campaign contributions. i'm talking about huge corporations with thousands of employees threatening to pull jobs out of congressional districts if cuts are made. hell hath no furry like a defense contractor denied. but forcing defense contractors to get leaner and meaner themselves is exactly what we need. according to taxpayers, just a 15% reduction in the pentagon's bloated service contracts would save a kmop whopping $300 billion. president eisenhower warned us in his final address of a military industrial complex that would serve their own needs. the temptation would be to give resources to this base even if not requested out of a mistaken belief we must do so in order to protect the nation. and at the expense of schools, and other infrastructure. take a look at this map. these are jobs and defense contractors . note the states with the big numbers and which members of ? congress live there. like california, where buck mckeen is from. think he's going to get the squeeze? oh yeah. he's already crying about how many pentagon cuts are going to kill national security . if it's about jobs, there are better ways to get them. spending on transportation or education gets way more jobs bang for the buck than defense. but that's not the point. there's a lobbying war to be fought. and big companies with big contracts want to keep what they've got. let the games begin.

>> enjoy it while they've got it. you just described the fantasy. i don't think it will last too much longer. it gets so brazen it can't but end. stick around for some "hardball." you wouldn't

Related Video: