Posts Tagged ‘Corporate cash’

Spending Too Much on War and Not Spending Enough on America’s Workers

July 31, 2010

PRESIDENT OBAMA INCREASES DEFENSE SPENDING, AND CORPORATE AMERICA SITS ON PILES OF CASH INSTEAD OF PUTTING AMERICANS BACK TO WORK

There are a couple of op-eds in the New York Times that need to be read by a lot of people.  One is on the incomprehensible way the U.S. is spending way too much on the wars in Afghanistan and Iraq, and spending it unwisely.  For instance, we are spending more on keeping one soldier in Afghanistan for a year than it would have cost to build 20 schools.  Check out 1 Soldier or 20 Schools.

The other op-ed deals with the way that many corporations are maximizing profits by cutting work forces way more than is necessary to adjust for the recession, and sitting on their piles of cash instead of getting Americans back to work.  Check out A Sin and a Shame.

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