Econ%20104%20Syllabus--Pollin--Fall%20-page80

Econ%20104%20Syllabus--Pollin--Fall%20-page80 - than the...

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136 • New Labor Forum R. Pollin —than the military. We now know all too well that the New Orleans levee system was among the large-scale public water management projects that suffered from years of severe ne- glect. Melman therefore argued that we needed to mobilize politically to shift the government’s spending priorities away from the Pentagon. How do these two equally important per- spectives play themselves out today? The U.S. government spent an estimated $572 billion on the military in 2007. This amounts to about $1,800 for every person now living in the United States. It is also an amount larger than the combined total economies (GDP) of Swe- den and Thailand, and is eight times greater than the 2007 U.S. federal budget for educa- tion. Given spending levels of this magnitude, the claims made about the positive effects of the military budget cannot help but be true at some level. If the U.S. government is devoting upwards of $600 billion a year on maintaining and strengthening the most powerful military
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This note was uploaded on 11/07/2011 for the course ECON 104 taught by Professor Dolenc during the Fall '08 term at UMass (Amherst).

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