The Pentagon Spending Cuts Myth!

Dear James, Spending more on the Pentagon does not create more jobs. For example, Lockheed Martin actually cut 17,000 jobs from 2006 to 2011 while receiving $10 billion more than it did just 5 years ago. However, it does help increase CEO paychecks. According to a POGO analysis, the average compensation package of the CEOs of the top five Pentagon contractors in 2011 was roughly $21.5 million a year. With the average worker in the U.S. earning $45,230 last year, this means these CEO’s were paid more in an average day than the typical American worker was paid all of last year.And you and I helped pay for some of that. Consider supporting POGO’s work to dispel the myth that more Pentagon spending means more jobs. And share our information with friends. Thank you,